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chinmayimnk (student)     17 August 2011

Problem in cooperative bank

thanku sir..

but there are few complications.

Those bank officials have threatened my father and took a writing from him on a stamp paper stating that he will pay for the misappropriated money in that cooperative bank. There are 3 people involved in this misappropriation of money for which my father has all documents.

some are showing my father also involved. But bank fellows recovered most the money from my dad even if other 2 people are involved and they did not bother to send a notice also to other 2 people.

They sent dad back from bank threatening him.They did not give suspension order or any notice till date. They took PA (not registered) forcibly from him and converted our agricultural land into NA, made sites and sold most of them to recover the money.Now they want to recover all the money frm dad even if other 2 people are involved and the documents clearly show their involvement. They are not allowing dad to take money from his own account in that bank. We are greatly harassed.


Plz suggest something...



Learning

 1 Replies

Raj Kumar Makkad (Adv P & H High Court Chandigarh)     17 August 2011

Operation of individual account is right of account holder so bank is wrong if it refuses your father to withdraw his money lying in his personal account.

 

So fr recovery is concerned, bank is at his discretion to recover from one or all persons involved in misappropriation of properties.


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