LL.B. (Three Years) Sem 6 Law of Banking and Negotiable Instruments May 2025 75/25 Question Paper - Mumbai University | munotes

Questions asked in this paper

SECTION I - Q.1: Answer in two sentences, any six (12 Marks - 2 marks each)

1. Q1 Define a promissory note.
2. Q2 What is liability of Drawer and Drawee in case of Bill of Exchamge?
3. Q3 Who is a holder in due course?
4. Q4 Define the term 'banker'.
5. Q5 What do you understand by crossing of a cheque?
6. Q6 What is the evidentiary value of certified copies under the Bankers' Books Evidence Act?
7. Q7 What is the main function of Central Board of Directors?
8. Q8 Who can file an original application before the DRT for debt recovery?

SECTION II - Q.2: Write short notes on any two (12 Marks - 6 marks each)

1. Q9 Duties of a Banker.
2. Q10 Types of Banks.
3. Q11 Structure and Jurisdiction of Debt Recovery Tribunals (DRTs).
4. Q12 Functions and power of RBI.

SECTION III - Q.3: Answer any two situational-based questions (12 Marks - 6 marks each)

1. Q13 The respondent had paid Rs 80,000 to the accused with the expectation of securing his nephew a job in the Haryana police. Despite this payment, the job was not obtained. Consequently, the complainant requested a refund. On March 30, 2000, the accused issued a cheque to repay the amount, but the cheque was dishonoured upon presentation at the bank. (A) Can the complaint then be filed before the Metropolitan Magistrate. (B) Explain the various elements of Section 138 of the Negotiable Instruments Act.
2. Q14 On January 10, 2023, the City Civil Court of Bombay issued a garnishee order (order nisi) against Mr. B, who holds an account with SBI Bank. The bank received the order two days later. In the interim, Mr. B requested the withdrawal of funds from his bank account. Mr. C, the decree holder, objected to Mr. B's claim to these funds. (A) Determine the liability in this scenario. Can the withdrawal of money take place in this situation. (B) Explain garnishee order in detail.
3. Q15 Mr. C issued a cheque dated January 23, 2016, to Mr. D for the supply of goods. On the due date, Mr. D discovered that the cheque was dishonored due to insufficient funds. Mr. D subsequently filed a complaint dated March 23, 2016 against Mr. C in the Court, seeking interim compensation under the newly introduced Section 143A of the Negotiable Instruments Act. (A) What is Section 143A of the Negotiable Instruments Act? (B) Can Mr. D get interim compensation from Mr. C?

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