Bank couldn’t be held responsible for making payment against tampered cheque if it had followed due-diligence

NI Act: Mere fact that collecting bank had made payment to its customer who deposited tampered cheque, as per banking norms and regulations, does not raise an estoppel against paying bank if later on it is found that cheque is forged as bank had not been called upon to be overtly suspicions

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000184572/bank-couldn’t-be-held-responsible-for-making-payment-against-tampered-cheque-if-it-had-followed-due-diligence.aspx