Supreme Court · 1956 INSC 39 · Decided 9 May 1956

Shri Ram Narain v. The Simla Banking & Industrial CO. Limited

Court
Supreme Court of India
Citation
1956 INSC 39 · [1956] 1 S.C.R. 603
Case number
CIVIL APPEAL No. 313/1955
Decided
9 May 1956
Bench
VIVIAN BOSE, B. JAGANNADHADAS, BHUVNESHWAR PRASAD SINHA (3-judge bench)
Outcome
Dismissed
Case type
Civil
Acts & sections cited
CPC; Companies Act Section 171

Headnote

COURT REPORTS 603 SHRI RAM NARAIN v. THE SIMLA BANKING & INDUSTRIAL CO. LIMITED. [VIVIAN BosE, JAGANNADHADAS and B. P. SINHA JJ.] Banking Oom.panies Act, 1949 (X of 1949) as amended by Act LII of 1958, ss. 45-A, 45-B, 45-0-Displaced Persons (Debts Adjust­ ment) Act, 1951 (LXX of 1951), Oompanies Act-Period of limitation. The appellant, a displaced person, had a fixed deposit in the Lahore Branch of the respondent Bank which had its head-office at Simla, and he also had at the time a cash-credit account in the Bank. As the Bank refused to pay the amount of fixed deposit on its

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