Contract

arun kumar (Querist) 18 November 2016 This query is : Resolved
Customer द्वारा bank से अपनी धनराशि निकालने पर प्रतिबंध lagana क्या breach of contract या breach of trust हो सकता है ?plz suggest me

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Kumar Doab (Expert) 18 November 2016
Is it in context of demonetization?

R.K Nanda (Expert) 19 November 2016
academic query.

Rajendra K Goyal (Expert) 19 November 2016
Academic query, state material facts of your problem if any.

H.M.Patnaik (Expert) 19 November 2016
State actual facts and problem for proper opinion.

J K Agrawal (Expert) 20 November 2016
It depends upon the agreement between the customer and Bank. Banks generally incorporate such condition that they can seize operation of account.

Rajendra K Goyal (Expert) 20 November 2016
If such restriction are through lawful instruction from competent authority (Income tax department, court of law or otherwise), such instructions need to be challenged, Bank may not be held responsible.

Kumar Doab (Expert) 20 November 2016
It might have been also stated in ac opening form.

Agreed that in such cases bank is not responsible.

Guest (Expert) 20 November 2016
Dear Arun Kumar,

Banks are bound to abide by the Government of India's orders/ instructions in the wider interests of the public as well as the security of India.

However, you are free to legally challenge the orders/ instructions, if you feel that public interest or India's security is jeopardized by such order/ instruction.

Dr J C Vashista (Expert) 21 November 2016
Submit your question to Sh. Narender Damodar Modi, Hon'ble Prime Minister or Sh. Arun Kumar Jetli, the Union Finance Minister.

Rajendra K Goyal (Expert) 21 November 2016
Banks have obeyed the orders, orders may be challenged if against law of land.

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