The Official Assignee of Madras v. The Mercantile Bank Of India Ltd.
The Official Assignee of Madras v. The Mercantile Bank Of India Ltd. (1935) 37 BOMLR 130 FACTS: The Official Assignee of Madras has been assigned with the property of the insolvents CK Nayaran and sons. The insolvents had a big business of groundnuts. They were purchased from up-country and transported through railways to the madras…