Legal Question in Civil Litigation in

1. whether I can sale my =

house on the basis of payment order issued by acommercial bank in my favour=

on account of sale value of my house . 2. whether bank can cancel the said=

payment order after the sale deed is registered in sub registrar office an=

d possession is given to purchaser 3.whether the bank will not inform me be=

fore cancellation the payment order where as this fact is already in banks =

knowledge 4. in how many days i will get duplicate payment order if origina=

l is lost. 5.how can i get payment of the said payment order if issued in m=

y favour 6.whether payment order instrument is a negotiable order instrumen=

t and if not paid by the bank can i file suit under section 138 of NI Act a=

nd against bank or against purchager


Asked on 9/13/10, 3:59 am

1 Answer from Attorneys
BHUPESH NARULA NARULA&ASSOCIATES;

payment order is sufficient payment for the sale of the house, please only confirm by the bank it is not forged, the bank is liable to honur the same and cannever be stopped unless reported for loss by the person who got it prepared. It is a negotiable instriument and is prepared after the bank has received the payment. if the same is dishonoured than the person giving you along with the bak are liable and apply for cancellation of the sale deed also before the court.

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Answered on 9/13/10, 7:05 am


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