(x) If the customer is deemed to unable to or admits its inability to pay its debts as they fall due.
Unless the customer has provided disposal instructions to the bank, the bank may discharge the Bank’s entire liabilities to the customer (if any) by mailing to the customer, on the relevant effective date, a cheque for the balance standing to the credit of the relevant Account after deduction of all charge payable to the Bank in connection therewith. After terminating such account and/or Service and during the period of any suspension of freezing (as the case may be), the Bank shall be entitle to refuse to honour any instruction or Instrument (if any)drawn ,accepted or made by the customer or any Authorized Person on any such Account which may be presented to the Bank for payment (in each case whether dated before or after the date of closure ,suspension or freezing (as applicable))
(x) If the customer is deemed to unable to or admits its inability to pay its debts as they fall due.
Unless the customer has provided disposal instructions to the bank, the bank may discharge the Bank’s entire liabilities to the customer (if any) by mailing to the customer, on the relevant effective date, a cheque for the balance standing to the credit of the relevant Account after deduction of all charge payable to the Bank in connection therewith. After terminating such account and/or Service and during the period of any suspension of freezing (as the case may be), the Bank shall be entitle to refuse to honour any instruction or Instrument (if any)drawn ,accepted or made by the customer or any Authorized Person on any such Account which may be presented to the Bank for payment (in each case whether dated before or after the date of closure ,suspension or freezing (as applicable))
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