State Bank of Saurashtra vs. Chitranjan Rangnath Raja and Anr. Citation(s): 1980 AIR 1528, 1980 SCR (3) 915 Full Text here Facts: The appellant-bank allowed a cash credit facility limited to Rs. 75,000/- to the Principal Debtor (PD) on his pledging 5,000 tins of groundnut oil under the lock and key of the Bank and on…
Bank of Rajasthan v. Hajarimal Milap C. Surana FACTS: The respondents (R) (Hajarimal Milap C. Surana) were indebted to the appellants (A) (Bank of Rajasthan) and had deposited precious stones as security. For the recovery of the debt, a suit had been filed in the court by A. Pending the suit, the parties came to…
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…
Karnataka Pawn Brokers Assn. & Ors. Etc. (KP) v. State of Karnataka & Ors. etc. (constitutional validity of section 4-A and 4-B of Karnataka Pawn Brokers Act, 1961 and Sections 7-A and 7-B of Karnataka Moneylenders Act) FACTS: The Sales Tax Authorities of Karnataka and Tamil Nadu deemed the sale of unredeemed articles at the…
The Morvi Mercantile Bank Ltd. and Anr. v. Union of India 1965 AIR 1954 FACTS: A firm doing business in Bombay entrusted goods worth Rs.35500 with the Railway for delivery in Delhi. The goods were consigned to “self” and the firm endorsed the railway receipts to a Bank against an advance of Rs. 20,000 made…
Lallan Prasad v. Rahmat Ali & Anr. 1967 SCR (2) 233 FACTS: The appellant advanced Rs. 20,000 to the first respondent against a promissory note and a ‘receipt. The first respondent executed an agreement whereby he agreed to pledge as security-for the debt aeroscapes, to deliver them to the appellant, and to keep them in…