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Wrong net-banking transaction

(Querist) 30 July 2014 This query is : Resolved 
Dear all, i am not sure whether this is the correct form to seek help on my issue, still giving it a try.
A year and half back i transferred around 1 lakh plus to a wrong beneficiary through net banking.upon realising the blunder i visited the bank in person and gave a written complaint.
Later the bank manager promptly blocked that account for further transactions. As per the RBI norms i was asked to bring a consent letter from this person to transfer the money back to my account.
I stay in Bangalore and this wrong beneficiary account is a current account in Mumbai.Upon visiting that company address in Mumbai i found no such office/company exist in that address from past 10 years.Hence i couldn't meet anyone to get a consent and returned to Bangalore. I also got to know that current account is not functional from past 2-3 years.
Now in this strange condition i am looking for some help and suggestions from experts to resolve my issue, thanks
Devajyoti Barman (Expert) 30 July 2014
Looks like pure imaginary query...God story.
Ashok (Querist) 30 July 2014
Mr.Devajyoti lemme know if you have any solution first. i can prove my stand with documents.
ROHIT SHARMA (Expert) 31 July 2014
Dear Mr. Ashok,

1. These type coincidence do occur.

2. The way out lies is in filing a recovery suit under Order 37 Rule 2 of the Civil procedure Code, 1908 by making the named account holder ( though anonymous ) and the concerned bank.

3. At least you must have gathered the fact that the money amount you had transferred is credited to such current account and the balance as such is reflected in the bank's ledger account of that account.

4. The concerned bank if they have stayed the operation of the account then you sure will be able to recover your money. The bank on your complaint should have transferred that amount credited to such current account into bank's sundry account. Ensure this procedure from the bank before you file such civil suit.

5. If need be contact this lawyer for further private legal consultation.

6. You can have my contact details by clicking my name (expert) shown in the L.H. margin of the reply posted.
Ashok (Querist) 31 July 2014
Thanks a lot for replying and guiding me through this. Will share the complete case details and take it forward. Thanks again


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