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
officers from the bank, because the documents in question are
demand-draft, stop payment letters etc. It is clear and obvious that
evidence regarding such
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
nature of
cheques, and therefore liable to stop payment instructions,
and not demand drafts payable on demand. The judgment
was carried in appeal ... Indisputably, the Bank had issued instructions for stop
payment. According to the plaintiff, however, being demand
drafts, such instructions could not have been issued
nature of cheques, and therefore liable to stop
payment instructions, and not demand drafts payable on demand. The
judgment was carried in appeal ... Indisputably, the
Bank had issued instructions for stop payment. According to the
plaintiff, however, being demand drafts, such instructions could not have
been issued
However,
it was dishonoured on the ground of `stop payment'.
Thus, having received the draft of Rs.25 lakhs, as per
the terms ... purchaserrespondentoriginal plaintiff,
which was dishonoured on the ground of `stop
payment'. This shows that the plaintiff was justified in
filing summary suit
cheques deposited subsequently bounced due to the
applicants' instructions to stop the payment, which,
according to Mr. Sahjani, clearly demonstrates the
applicants' intention ... some through demand draft, and some through
cheques. Upon depositing such a cheque, the applicants
instructed the bank to stop the payment of the cheque
However, it was dishonoured on the ground of `stop payment'. Thus,
having received the draft of Rs.25 lakhs, as per the terms ... purchaser-respondent-original
plaintiff, which was dishonoured on the ground of `stop payment'.
This shows that the plaintiff was justified in filing summary suit
paid to the petitioner by three demand drafts.
6. The petitioner society has submitted that it was surprised and shocked to receive this letter dated ... have not been received and requested to arrange for stop payment of these demand drafts. In this letter to the bank, a request was also
agreed, the respondent
has kept ready the demand draft of Rs.10 lakhs dated
04.02.2019 for payment to the appellant.
Record shows that even ... appellant, however, as
the demand draft is prepared, payment of all the cheques
have been stopped. Copy of said demand draft drawn in
favour
