Legal Question in Banking Law in India

I have purchased a product from indiatimes shopping with cash on delivery as a payment method. The product was defective, was taken back and I got a Demand Draft of the amount I paid Of HDFC Bank in return(everything via postal service). Mentioned: AC Payee not negotiable and my name after that.

Now that DD was issued on January 2012 with an expiry of 6 months and was lost in my home somewhere. I found that DD now in September 2013(after 15 months from its expiry). What is the procedure to cash it now?

I have a savings bank account in SBI if that helps..

Asked on 9/09/13, 2:22 am

2 Answers from Attorneys

J. Radhakrishnan independent Practice
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Get it revalidated by sending to the company which sent it earlier to you by sending the dd and letter by ack. due and retaining a xerox copy of your letter and the draft.

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Answered on 9/09/13, 6:28 am
Fca Prashant Chavan Expert Edge LLP
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Repeat query ... already answered ... any further reply only on payment.

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Answered on 9/09/13, 9:50 am

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