https://www.taxtmi.com/caselaws?id=97337 An applicant claiming sale proceeds for paper sold by a bank failed to prove that the goods purchased were the same goods later sold, because the delivery details and descriptions did not match and no direct oral evidence was given. The banks' security over the newsprint was treated as a pledge created by constructive delivery through documents of title, and a pledge of movable property was held not to require registration under section 109(1)(e) of the Indian Companies Act. The banks were also entitled to retain the goods and sale proceeds under the banker's right of lien for a general balance of account, absent a contrary contract. en-us Fri, 07 Oct 1955 00:00:00 +0530 Mon, 16 Jan 2012 13:07:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97337 An applicant claiming sale proceeds for paper sold by a bank failed to prove that the goods purchased were the same goods later sold, because the delivery details and descriptions did not match and no direct oral evidence was given. The banks' security over the newsprint was treated as a pledge created by constructive delivery through documents of title, and a pledge of movable property was held not to require registration under section 109(1)(e) of the Indian Companies Act. The banks were also entitled to retain the goods and sale proceeds under the banker's right of lien for a general balance of account, absent a contrary contract. Case-Laws Companies Law Fri, 07 Oct 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97337