respected all, i have given a demand draft to a company on jan-2017, but after few weeks the company was banned by some legal issue, my demand drat which was submit to that company is still not withdraw / cashed as on mar-2018. please advice me what i have to do to get my money refunded.. i already complaint to bank but they are saying that the refund can be done by presenting the original demand draft. please seuggest me what i have to do..
The DD is in the name of the Company. The Company is the rightful owner of the DD. You cannot ask for its refund as you are not in possession of the DD anymore.
It is for the company to encash the DD or not.
If you have any grievance that after having received the DD from you, the company has not fulfilled its obligations towards you, then you have to take legal action / police complaint against the company. You cannot ask the bank to refund the DD money to you.