Legal Question in Banking Law in India
can a court of law stop payment of demand draft?
Asked on 6/18/16, 10:01 am
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
18.06.2016
Dear Sir / Madam,
Yes, the Court of Law can pass an order to stop payment of a demand draft.
Regards,
Answered on 6/18/16, 11:24 am
Unless a serious allegation of fraud with prima facie evidence of it is shown the Courts should not interfere in the matter and grant injunctions against the Bank restraining it to honor the documents presented by the payee or a lawful holder thereof?
Answered on 6/19/16, 12:21 am
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