Legal Question in Banking Law in India
if someone can wrongly transfer some amount in a particular person bank account throw online
so he can be leggally bound to payback all of money ...
Asked on 6/24/14, 8:53 pm
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
If somebody transfers on line money to another's account that does not by itself create a debt due from the transferee to the transferor. The onus of proving by acceptable evidence that it was a loan to the transferee is on the transferor. Otherwise it will be treated as a voluntary
Gift by the transferor. If the transfer was wrong, he can recover the amount from the transferee either by negotiation or failing the same by filing suit for recovery on the ground of mistaken credit.
Answered on 6/25/14, 12:03 pm
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