Category Archives: Banking Law

Amrit lal Goverdhan Lalan v/s State bank of Travancore, AIR 1968 SC 1432

Brief facts and procedural history: On February 27, 1956, Respondents 3 to 6, as partners of Respondent 2 firm, entered into an agreement with the then Travancore Forward Bank Ltd. undertaking to open a cash credit account in the books of the Bank at Ernakulam to the extent of Rs 1,00,000. (Para 2) For entering […]

Delivery of the amount for transmission to the bank created ex facie a relationship of a fiduciary character: New Bank of India v/s Pearey Lal (1962).

R.C. Cooper v Union of India(1970): Nationalisation of banks impaired the right to compensation under Article 31(2) of the Constitution of India and consequently was struck down.