favour of a third party, has any right to stop payment of that draft, and if so, till what stage can he do so. Before ... countermanded or its payment stopped in any circumstances, but that the difficulty in countermanding or stopping payment of a draft could arise only when
stop the payment and to direct his agent not to make the payment provided of course the payment has not already been made. The payment ... cannot be countermanded or its payment stopped in any circumstances. The difficulty in countermanding or stopping payment of the draft can arise only when
ground that the drafts were lost, the petitioner
was entitled to get the payment of drafts stopped as against strangers. He
could not, however ... State Bank of Indore
was, therefore, right in refusing to stop payment when the drafts were
presented by the payee. The decision of the Supreme
regards drafts by payment in
due course, which is defined as follows in S.
10 :
"Payment in due course' means payment in
accordance ... stop payment was
given by the purchaser. From the said judgment it reveals that
bank can stop the payment of the draft if bank
respondent Bank could not have stopped the payment under the
Bank Drafts, leaves whereof had been stolen/robbed, he stated that it is not
possible ... subject Bank Draft that the Bank Draft
leaf of that number had been stolen/robbed from it. Nothing prevented it
from stopping payment under such
date of Tender of the demand draft would be date of payment for the duty. That the demand draft got accounted elsewhere ... draft. Once a draft is issued, the purchaser of the draft cannot in a normal situation ask the issuing Bank to stop payment
purchaser is not entitled to ask the issuing bank to stop payment of the draft to payee on other grounds such as matters relating ... demand drafts. As the instruments were demand drafts it was not open to HDFC to dis-honor it on the ground of stop payment instructions
drafts were forfeited, the transactions stood completed. The applicant company having paid the amounts under the demand drafts had no right to stop payment ... purchaser is not entitled to ask the issuing bank to stop payment of the draft to the payee on other grounds such as matters relating
M/S Mahathru Technologies vs M/S Creative Infotech on 16 April, 2025
KABC010013772025
IN
been dishonored for the reason payment stopped by
drawer. The cheque has been dishonoured for the reason payment
stopped by drawer. The said cheque having ... what reason
the stop payment instruction was issued. The accused- DW1 has
admitted in the cross-examination that the said stop payment
instruction has been
