Legal Question in Banking Law in India
If our current bankers are not providing me with enhanced limits for my business expansion and another bank is willing to provide the same and prepares drafts/pay orders for takeover of my currentlimits from current bankers, can my current bankers refuse to accept the drafts (which they did)
Asked on 7/10/11, 12:04 am
4 Answers from Attorneys
KarVai Legal Solutions
Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in
no they can not u have full ryt to close your account by paying all their debts
go to banking ombudsman in such situation
Answered on 7/10/11, 10:52 pm
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
you may approach the bank ombudsman or consumer forum.
Answered on 7/11/11, 3:33 am
Pravin Vaidya
Independent
What is the reason given for not aacepting the drafts?
Answered on 7/13/11, 6:45 am
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