Legal Question in Banking Law in India

Re: DD bounce

You may sue the estate of the person who owed you money (through his legal heirs) .

Re: DD bounce

File a suit for recovery of money from the legal heir from the estate of the deceased.

Re: DD bounce

As per information given what I understand is that DD was given to you by the Purchaser of DD in settlement of amount due to you. He has however advised the issuing Bank that the same is lost & requested to issue Duplicate.This duplicate is not given to you by him & in the meantime he expired.The original DD which you presented was returned by the drawee Bank with the reason payment is stoppped by the drawer Bank.Since original DD returned by Drawee Bank is with you and the return by drawee Bank appears to be incorrect you may approach Banking Ombusman office in your state with all the details & documents and seek the redressal of your grievances

Pravin Vaidya

Re: DD bounce

Forget about the D/D. File a suit against the legal heirs for the amount due to you to be recovered from the assets of the deceased obligant in their hands. As an evidence of the debt you can narrate the details regarding the bouncing of D/D and your sending it back to the purchaser for getting it revalidated.