Legal Question in Banking Law in India

If the Bank will have general lien on the money of the account holder in case if it is found that the account holder is in due of certain amount to the Bank and if so can the Bank hold the said account or balance. Any case laws on said


Asked on 3/05/14, 7:15 pm

2 Answers from Attorneys

you send a notice to the bank asking them under whAT LAW THEY HAVE WITHELD YOUR ACCOUNT AND APPROACH THE CONSUMER FORUM.

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Answered on 3/06/14, 6:05 pm
Fca Prashant Chavan Expert Edge LLP

24.03.2014

Dear Sir / Madam,

Yes, the bank is authorized to withhold the A/c if there are outstanding unsettled dues owed by the A/c holder to the bank since the A/c holder remains at fault.

Regards,

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Answered on 3/23/14, 9:41 pm


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