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
draft and cheque were not received by them. Thereafter the plaintiff on 17.10.1979 instructed the first defendant who issued the draft, to stop payment ... about the missing of the cheque and draft in transit and therefore instructed stop payment. This contention of the plaintiff is in fact accepted
this aspect neatly as follows :
"Ordinarily, a bank cannot stop payment of a draft unless there is some doubt as to the identity ... issuing bank to stop payment on other grounds such as matters relating to the consideration in respect of which the draft has been issued
M/S.Al Rostamani International ... vs The Official Liquidator on 26 October, 2009
Author: Chief
appellant, the demand drafts and other important documents were not
able to be traced. Hence, the appellant gave a stop payment instruction ... drafts and for taking
necessary action. Ex.B4 and Ex.B5 are the correspondence with the
Syndicate bank and the stop payment made
date of payment and not the date of purchase of the demand draft or the date of despatch of the demand draft ... tendering the same and the purchaser of the draft has no occasion to stop the payment, the date of purchase of the draft
payment of deficit stamp duty. Ex.P7 is communication
from the plaintiff to the South Indian Bank to stop payment on the demand
drafts ... South Indian Bank with a
request to stop the payment of the two demand drafts. Ex.P10 is the demand
draft in the name
next day stating that the said demand draft is missing and requested to stop payment. Subsequently, he came to know that the second respondent opened ... petitioner gave the demand draft towards sale consideration, got the sale deed executed and registered and subsequently stopped payment and thereby, cheated the de facto
cases where the cancellation of a misplaced or a lost demand
draft involves a high amount, the petitioner is required to submit a Request
letter ... every right to request the
bank to stop payment. In view of the stop-payment request and the deposit of
the amount into his account
cases where the cancellation of a misplaced or a lost demand
draft involves a high amount, the petitioner is required to submit a Request
letter ... every right to request the
bank to stop payment. In view of the stop-payment request and the deposit of
the amount into his account
