Legal Question in Banking Law in India

can a bank sign of 10lakh of rupees as arrears when the money was held by the court for a DRT case


Asked on 2/12/14, 1:48 am

3 Answers from Attorneys
AMAN SHARMA SHUBH C SHARMA and company

Kindly explain your query. It is not clear

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Answered on 2/12/14, 2:04 am
Fca Prashant Chavan Expert Edge LLP

12.02.2014

Dear Sir / Madam,

At the outset, the bank cannot sign off any amount which is subjudice and is pending in the Court.

Regards,

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Answered on 2/12/14, 7:04 am
Fca Prashant Chavan Expert Edge LLP

12.02.2014

Prima facie, the bank cannot sign off any amount which is subjudice and is pending in the Court.

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Answered on 2/12/14, 7:06 am


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