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Can a bank debit client's account after issuing no dues certificate
15-Oct-2023 (In Banking / Finance Law)
I want to ask if a bank has issued no dues certificate on 25.07.18 and handover to client on 14.08.18 can they debit the clients account on 28.08.18
Question: I want to ask if a bank has issued no dues certificate on 25.07.18 and handover to client on 14.08.18 can they debit the clients account on 28.08.18
bank can not do this
as your query is not much clear.
you can also move to banking ombudsuman for the same
bank can not do this
as your query is not much clear.
you can also move to banking ombudsuman for the same
Helpful?
16+
16+
Adv. Sumit Kumar
Delhi | 25+ Answers
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Post issuance of the No Dues Certificate on 25.07.2018 [unless qualified and/or conditional] ordinarily the Bank would not be justified to thereafter debit the account of the customer in any manner whatsoever.
Helpful?
24+
24+
Adv. Kunal Vajani
Delhi | 25+ Answers
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