Law

Discuss on Bank Transactions

Discuss on Bank Transactions

No prohibitory order can be passed by any court to affect normal bank transactions with the contract obligation from the bank where the only real dispute is regarding performance of the contract plus the dispute can be resolved with a suit for loss. When money is deposited that has a bank, its withdrawal is governed by the terms of the contract plus the bank is bound to comply with the conditions from the contract and absolutely no injunction can problem preventing operation from the bank account. The general rule is susceptible to the exception which such bank ensure or letter of credit can be stopped by injunction about the bank only in the case of fraud of that your bank has apparent notice or if you find special equity justifying this sort of injunction. But no injunction can be granted in global bank transaction just on allegation connected with fraud.