Legal Question in Banking Law in India
My father, proprietor of a firm, opened a current account with Corporation Bank
on 1-Feb-1992 on the same day my father issued authority letter to sign the cheques in favour of my elder brother. My father passed away on 29-Nov-2007. As per his will the firm became
partnership firm of 5 partners including my elder brother. After 29-Nov-2007, I,
one of the partner understood that the propritory firm account is in operation & my elder brother is transacting in the account with same account no., one more current account is in operation under the same title.
The bank allowing my elder brother to operate two accounts as mentioned above is legaly currect?
Asked on 10/21/10, 8:38 pm
1 Answer from Attorneys
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
please let me know if both accounts are under same name or different names
Answered on 10/22/10, 12:52 am
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