Legal Question in Banking Law in Pakistan
A cheque presented in clearing through NIFT was returned by the bank with the reason (Memo issued) " Due to insufficient funds in the account". Now the person in whose favour cheque was issued has lodged FIR against bank's account holder and Police (SHO) is asking the bank concerned to provide complete details of its account holder. Please advise whether bank can provide information/copy of account form/bank statement of account to Police or it would require Court Order to do so because provisioning of customer info is protected under the law.
1 Answer from Attorneys
what else he needs ,,, he has memo and cheque ,,, all he need is memo and cheque to book account holder in 489-F,.... to inquire someone's account one is bound to obtain court order i.e. search warrant.
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