LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Srinivas (.)     10 June 2014

Not cooperating other party to withdraw money from joint a/c

Hi All,

Hi All, I have deposited Rs.7, 50, 000.00 in Joint account through check and some purpose. Joint account holders are my uncle and other party. Purpose of joint account not fulfilled and its going against to me. Other party is not cooperating to withdraw money from joint account. Purpose we have written on Rs.20 bond paper but we signed backside of bond paper now it became a invalid due to written of backside.

1.Is it possible to me to collect money from joint account ? if so please advise.

2. Can I file sec.420 and civil suit to recover from other money ? Please advise.

Thanks for ur time.



Learning

 5 Replies

Sudhir Kumar, Advocate (Advocate)     11 June 2014

have you contacted bank, what do they say?

Srinivas (.)     11 June 2014

Hi, Thanks for quick response.But in the passbook, operations mentioned ' Jointly'. because of that other party is not co operating to withdraw money. Please advise how to proceed with this...Thanks to all

Sudhir Kumar, Advocate (Advocate)     11 June 2014

have you contacted bank, what do they say?

Srinivas (.)     12 June 2014

Hi ,Today I went to bank and bank officer told both joint holders sign required to withdraw money.Please advise for further steps....

Sudhir Kumar, Advocate (Advocate)     16 April 2015

why the money was so deposited?

what was the purpose?

why purpose is defeated?

who deposited money you or uncle?

how far he is responsible for failure of objective?

has he givenany misrepresentation befor ethis contract?

 

query is vague without these details.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register