Cheque crossed not negotiable
Neeraj (CA) (36 Points)
25 September 2015
Rocky
( )
(85 Points)
Replied 25 September 2015
No, because when a cheque is crossed as "Not Negotiable" the title of the holder even if in due course (bonafide, for value) is not better than the title of the endorser.
Now, A can recover his money from E, E can recover from D and D from C.