5 December 2022


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Supreme Court: Money Deposited by Customer in Bank is Not Held as Trustee - 28.12.2021

Supreme Court has observed that the money that is deposited by the customer in the bank is not held by it as a trustee but it becomes a part of the banker's fund who is under a contractual obligation to pay the sum deposited by a customer to him on-demand with the agreed rate of interest.

Tags : Supreme Court Money Deposited by Customer in Bank

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