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SUNNY DEOL (STUDENT )     21 September 2010

please give me advice

my one friend one had taken personal loan three years ago from icici bank & given cheques of centurion bank of punjab to icici bank.  after 8 installment  he stopped payments, 

nw a days he has another bank account in icici bank & balance in this bank is near about 30000 thousand ?

but icici bank limited has sealed his account due to repayment of loan 

they said  u can deposit cash but cannot withdrawn ?

is it the right of bank to seal the saving account ?

but what he can do ? 

please advice



Learning

 1 Replies

adv. rajeev ( rajoo ) (practicing advocate)     21 September 2010

They will adjust the amount of another account to the existing loan account.

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