Tag Archives: Bank

[Case Brief] Hungerford Investment Trust Ltd v/s Haridas Mundhra & Others (1972)

The agreement between Hungerford and Mundhra – Hungerford Investment Trust Limited was the owner of 100 percent shares in Turner Morrison & Co. John Geoffrey Turner and Nigel Turner were the owners of the 100 percent shares of Hungerford. By exchange of letters, it was agreed that Haridas Mundhra would purchase from Hungerford 49 per […]

[Case Brief] Sadashiv Prasad Singh v/s Harender Singh & Others, 2014

Brief Facts and Procedural History: A loan of Rs 12.70 lakhs was sanctions to M/s. Amar Timber Works, a partnership firm, by the Allahabad Bank (‘Bank’) in the year 1989. This partnership firm comprised of three partners, Jagmohan Singh, Payam Shoghi and Dev Kumar Sinha. Certain properties were mortgaged by the partners to secure the […]

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).