Supreme Court · 1987 INSC 125 · Decided 22 April 1987
Canara Bank v. Canara Sales Corporation & Ors
- Court
- Supreme Court of India
- Citation
- 1987 INSC 125 · [1987] 2 S.C.R. 1138
- Case number
- CIVIL APPEAL No. 1777/1973
- Decided
- 22 April 1987
- Bench
- V. KHALID, G.L. OZA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- NI Act Section 6, 31, 77, 85, 117
Headnote
Negotiable Instruments Act, 1881-Sections 6, 31, 77, 85 and 117-Bank and customer of the Bank-Relationship between-That of a creditor and debtor-Cheque duly signed by a customer presented­ Mandate to Bank to pay the amount-Element of trust between Bank C and its customer-Exists. Banking book and statement of accounts furnished by bank-Customer whether duty bound to intimate discrepancies. D The respondent-company had a current account with the lant-bank in its Mangalore Bonder Branch. The Managing Director of the company and the General Manager of a sister concern of the company
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)