Bank operating in India under license from RBI, can
stop payment of a Bank Draft issued by it to the beneficiary/
drawee under normal business ... reason?
3. Under what circumstances/condition a bank can stop payment of a
Bank Draft issued by itself?
Page 1 of 3
2. The CPIO
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
seeking a
direction to accept the demand drafts submitted by the petitioner in lieu
of the online payment.
WP(C) Nos.12552& 12576/2021 ... submitted that the system of
accepting demand drafts have been completely stopped and only the
online payment is being accepted. He further asserted that petitioner
edible oils. The said
draft was made payable to 'Payees Account' only. The Plaintiff
forwarded the said Demand Draft to Defendant ... Defendant No.4 - payee and requested to stop payment
and to issue duplicate draft in lieu thereof. Subsequently, the
Defendant No.3 informed the Plaintiff
issuing instruction to the Branch to take necessary steps to stop payment of the cheque. The said cheque was later on presented through clearing ... stop payment, and the Standard Charted Bank was given instruction to stop payment of the proceeds and return the same by demand draft. Appellant
security and payment
towards the cheque has already been made. That is the sole reason for
stopping payment of the cheque in dispute by giving ... since payment was already made in accordance with the Share Purchase
Agreeement and when complainant failed to return the cheque in dispute, stop
payment instruction
Kolkata,
the petitioner helped the co-accused in encashing the demand draft
issued by the H.D.F.C. Bank, Giridih Branch, through the said ... about any stop payment instruction
allegedly given by the informant to the H.D.F.C. Bank, Giridih
Branch, and the said draft was encashed
returned with remarks "Payment Stopped by
Drawer". Immediately, he approached the accused and asked
him why he stopped payments of cheques, at that ... came to be dishonoured with
an endorsement dated 21.02.2018 stating "Payment Stopped by
Drawer". Immediately, again he approached the accused and
intimated about
Narasimha Rao vs . State, As Mentioned In That Letter. on 29 August, 2022
IN THE
stopped working
with the complainant since year 2011 and that he has already made all the
payments to the complainant by way of demand draft ... Janta Pepsi Agencies & Ors.
Page No. 4/22
stopped in the year 2011 and that the complainant company asked for any
security cheque from
