Supreme Court · 2004 INSC 70 · Decided 30 January 2004
The Kerala State Co-Operative Marketing Federation v. State Bank of India and ORS.
- Court
- Supreme Court of India
- Citation
- 2004 INSC 70 · [2004] 2 S.C.R. 1
- Case number
- CIVIL APPEAL No. 151/1998
- Decided
- 30 January 2004
- Bench
- S.N. VARIAVA, H.K. SEMA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- NI Act Section 131
Headnote
Negotiable Instruments Act, 1881-Section 131-Protection under- Customer opening bank account with a meagre amount, thereafter depositing c exact amount for obtain;ng cheque book-Subsequent deposit of cheque qf I· Rs. J lakh and withdrawal of Rs. 50,000-Stop payment instructions received- protection-Held: All the above incidents are part of the same transaction which took place in close proximi(y to each other and the Bank failing to discharge the burden which lay upon it to show that it had acted in goodfaith D ! and without negligence-Hence, Bank not entitled to protection.
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