What is lccr in banking?

Account with SBI or other banks, if any – Register fresh mandate in your name for. 184/2012 In the matter of : Canara Bank Vs. This site contains various terms related to bank, Insurance companies, Automobiles, Finance, Mobile phones, software, computers,Travelling, School, Colleges,. The Leadership Conference on Civil Rights (LCCR), one of the nation's largest and oldest civil rights coalitions, also urged Paige to back off from his comments.

Vide this order, I shall dispose off the application of the plaintiff filed u/s 17 (1) (c) of Limitation Act.

Brief facts of the case are: ­ 2 Plaintiff has submitted that the defendant is the customer of the plaintiff bank and holds a saving bank account bearing no.0267101002216 in the plaintiff bank.

3 Plaintiff has further submitted that Mr. Vishnu Khatana issued a cheque bearing no.000007712107 dated 19.07.2008 for Rs.3,50,000/­ (Rupees Three Lakhs Fifty Thousand) drawn on Canara Bank, Sheikh Sarai Branch, New Delhi in favour of the defendant.

4 Plaintiff has averred that the aforementioned cheque was not Contd....P..1 of 5 : 2 : honoured due to the insufficient funds in the account of drawer. 5 The plaintiff bank erroneously credited the amount of the aforementioned cheque into the saving bank account of the defendant and the same came to know at the time of reconciliation of its LCCR. 6 Plaintiff has submitted that the plaintiff bank debited Rs.3,50,000/­ (Rupees Three Lakhs Fifty Thousand) from the aforementioned account of the defendant on 25.01.2012 which resulted in over drawings in the account of the defendant.

7 Plaintiff bank sent a legal notice dated 07.02.2012 to the defendant asking him to clear his dues.

8 Plaintiff has submitted that defendant had not cleared his dues towards the plaintiff bank. The statement of account shows an outstanding balance of Rs.3,61,361/­ on 31.03.2012 which the plaintiff bank is entitled to recover from the defendant.

9 The cheque issued in favour of defendant is dated 19.07.2008 and it was credited to his account despite the cheque having being dishonoured due to insufficient funds. The said amount has been debited from account of defendant Contd....P..2 of 5 : 3 : on 25.01.2012 which is after three years of crediting of the amount to the account of defendant.

10 In the present application applicant has submitted that the mistake of crediting the amount in account of plaintiff was discovered in the month of August, 2011 and has prayed for exempting the period between 19.07.2008 to August, 2011 under Section 17 (1) (c) of Limitation Act. 11 The detailed arguments were advanced by Ld. Counsels.

whether the plaintiff could avail of the benefit of Section 17(1)(c) of the Limitation Act as it is claiming that it did not discover its mistake prior to August 2011 and that the suit is within time from the date on which it discovered its mistake.

Section 17(1)(c) in The Limitation Act, 1963 reads as: ­ (1) Where, in the case of any suit or application for which a period of limitation is prescribed by this Act,­