CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Bank operations in case of dispute among the promoters


pradeep k sood (partner)     07 February 2019

pradeep k sood
partner 
 22 points

| My Other Post

One of my client a private limited company has four directors: two individuals A and B and their spouses. The company is availing CC limit from bank. The bank is operated on either or survivor basis. Now there is some dispute. A has taken full control of the bank account. B wants to intimate bank about the dispute and request the bank not to allow any operation in the account. Now my query is whether the intimation by B on company letter head shall be enough for the bank to freeze the account. Is there any case law available on the subject.




Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading

Popular Discussion


view more »



Trending Tags
GST Live Class    |    x