Duplicate demand draft
KamalNayanSaxena
(Querist) 15 July 2012
This query is : Resolved
can a duplicate demand draft be issued in lieu of old mutilated, beyond validity period, unpaid one on the request of endorsee ?
As per discussion of NI Act there are different views, but if answer is yes, how it can be assessed the endorsement is true or fake since endorser is nowhere in the light and there are various stamp of different banks on the back side of the instrument.
what precautions should be taken other than indemnity bond and non payment advise, before issuing duplicate one?
The DD in question was issued in Jan. 2008.
R.K Nanda
(Expert) 15 July 2012
Yes, it can be issued.
