Legal Question in Banking Law in India
Sir, kindly clarify the following
1 ) X is a savings bank a/c holder in SBI issued a cheque to Y for Rs 10 lakhs on 1-12-09.
X died on 9-12-09 the above cheque is encashed by Y on 20-12-09 after completing the death rituals etc. Please clarify weather the drawl of the above amount by Y is correct or not.
thank you
Asked on 3/11/10, 1:32 am
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
There is no illegality in the cheque being encashed after death of the drawer.
Answered on 3/12/10, 6:09 am
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