100 Rupees, 1950, I Issue, Kanpur Circle, Signed by B. Rama Rao, with two different seals or stamps, in the blue ink in two lines it reads "MUTILATED PAYMENT REFUSED" & in the black ink it reads "TO CLAIMS CALCUTTA", S. No. U1 990039, about fine with restoration, Extremely Rare, Sold as it is with no returns.

Cataloguer describes this as the possible event, since the note is torn and has external paper pasted at back, the bank where it was tried to be exchanged or paid, would have put the “MUTILATED PAYMENT REFUSED” stamp as per their internal policy, consequently it may not have been accepted by the main branch of that bank or RBI in that city and was redirected to the Calcutta branch or Calcutta RBI for Claims with the stamp of “TO CLAIMS CALCUTTA”.

Needs more research, nevertheless an interesting example!

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