Legal Question in Banking Law in India

Sir i have a loan with hdfc bank and had some arrear in payments also . my salary account was with hdfc and recently i got my providebt fund from my company and its credited in hdfc bank . actually i given my security cheque leaf from icici bank . but they blocked my account and take back the money to bank .. sir i would like to now how its possible to take my money even if having a loan. actually i given icici bank cheques. they are telling its the "right to lien "n like that..


Asked on 4/03/12, 3:24 am

2 Answers from Attorneys
J. Radhakrishnan independent Practice

If u have defaulted in agreed repayment, HDFC bank can exercise their right of set off which is often referred to as Banker's general lien which is recognized as a customary law and appropriate their dues from your account.

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Answered on 4/03/12, 7:23 pm
Aniruddha Pawse Aniruddha.P.Pawse Advocates

i agree with Adv Radhakrishnan

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Answered on 4/04/12, 2:33 am


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