Supreme Court · 1968 INSC 59 · Decided 4 March 1968
United Commercial Bank LTD. v. Okara Grain Buyers Syndicate LTD. & ANR.
- Court
- Supreme Court of India
- Citation
- 1968 INSC 59 · [1968] 3 S.C.R. 396
- Case number
- CIVIL APPEAL No. 449/1965
- Decided
- 4 March 1968
- Bench
- J.C. SHAH, R.S. BACHAWAT, G.K. MITTER (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act
Headnote
BANK LTD. v. OKARA GRAIN BUYERS SYNDICATE LTD. & ANR. Marcil 4, 1968 (J. C. SiIAH, R. S. BACHAWAT AND G. K. MITTER, JJ,] Banking-Deposit Rectif!t-Syndicate openinl/ account in Bank-De· posit rteeipt in the name of Syndicate account DiJtrict Mqistrate If con­ stitutes him owner with its registered office in Montgo= in undivided Punjab, had depOl!ited certain amount with the appellant-Bank and obtained a Fixed Deposit Receipt. The deposit was required to be made for due performance of the conditiona of a scheme for procure­ ment devised by the Government of Punjab
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