He added that he issued postdated
cheques as collateral for the outstanding loan.
Corporate customers can now scan postdated
cheques through 'ICCS Collect', the collections offering on smartBusiness, and digitally warehouse these images until the date of clearance.
For the second bulk order, Postdated cheques were issued.
And many cheques were postdated for July while some dated for the last week of June already got bounced.
(ii) In the month of June,2014, the Complainant requested for release of the postdated cheques and provided copies of sales tax returns for May, 2014, which showed his status as 'importer (commercial);
Since the Complainant did not provide the requisite evidence, he was directed to furnish the proof of next supply before release of the postdated cheques.
Kingfisher had issued postdated
cheques to the airport authorities that bounced.
Dubai: Emirates NBD's Wholesale Banking unit has introduced a postdated cheque facility, through smartBUSINESS, its online banking channel.
Corporate customers can now scan postdated cheques through "ICCS Collect", the collections offering on smartBUSINESS and digitally warehouse these images until the date of clearance.
'Undoubtedly, without their respective positions, respondents could not have orchestrated a scheme of issuing postdated
checks and [the] municipal accountant's Advice of Local Check Disbursements that meddled with the municipality's funds,' the Ombudsman said in its resolution.
"There has been thinking in the UAE of decriminalisation of postdated
bounced cheques across the board, but you cannot do that without finding an alternative instrument," he said.
That means the impact could have preceded or postdated
the extinctions by several million years.