Legal Question in Banking Law in India

I have a demand draft ( I am being payed) which has expired by 7 days. How can I get paid now ( or re-validate) ? Is it possible to do so without involving the payer?

Thanks in advance.


Asked on 3/30/15, 2:41 pm

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

31.03.2015

Dear Sir / Madam,

You should approach the payer's Bank with a request to them to reissue a new demand draft in place of the expired draft, and pay the necessary Bank charges for re-issue of the same. Yes, you need not involve the payer in this matter, since the payer's Bank will do the needful.

Regards,

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Answered on 3/30/15, 6:18 pm


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