can bank held reponsible for refusual of payment of cheque

Amresh Choudhary (M.Sc. (Maths) MBA LLB (DU))   (694 Points)

23 October 2008  

 Dear One of my friend deposit a cheque for amounting Rs. 30,000 for credit card payment but the bank returns the cheques with remarks insufficient fund, but the account has around five times money (in Lakh), can bank be held responsible for this mistake and any legal action can be taken against Bank, please clarify Amrish