High Court adjourns 3rd party cheque encashment case

Date:

The High Court in Lilongwe has adjourned indefinitely a case in which Malawi Law Society MLS is challenging suspension of all third party cheques by local banks.

MLS lawyer in the case John Suzi Banda told Face of Malawi that the presiding judge made the decision after lawyers representing Bankers Association of Malawi BAM said will challenge MLS injunction on the matter.

BAM seeks to suspend encashment of all third party cheques as a measure to curb fraud.

The move was backed by the Reserve Bank of Malawi but the Lawyers’ body argues it’s illegal

(Visited 25 times, 1 visits today)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Featured Video

click to play

Popular

More like this
Related

Scandal As Pastor Catches His Junior Pastor B0nking His Wife (Watch Video)

A dramatic scene occurred when a pastor discovered his...

Two Female Students Caught On Camera Fighting Over A Boyfriend, One Left Unconscious (See Photos)

A serious brawl between two young girls was captured...

Kaliati speaks on rumours linking Chilima to spate of demonstrations

United Transformation Movement (UTM) has trashed rumours hovering on...

Ex-first lady denies blocking Chimunthu Banda from meeting Mutharika

Former First lady Gertrude Mutharika has trashed rumours hovering...