https://www.taxtmi.com/caselaws?id=97775 The court held that the bank was not liable for the fraudulent acts of its secretary as he acted outside the scope of his authority. The fixed deposit receipts issued by the secretary were found to be forged and therefore null and void, not binding on the bank. The doctrine of estoppel does not apply to cases involving forgery, and the bank was not estopped from denying the validity of the receipts. The court set aside the previous judgment and decree, awarding interest only on the genuine fixed deposit and dismissing the suit without costs. en-us Fri, 16 Dec 1960 00:00:00 +0530 Wed, 18 Jan 2012 10:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97775 The court held that the bank was not liable for the fraudulent acts of its secretary as he acted outside the scope of his authority. The fixed deposit receipts issued by the secretary were found to be forged and therefore null and void, not binding on the bank. The doctrine of estoppel does not apply to cases involving forgery, and the bank was not estopped from denying the validity of the receipts. The court set aside the previous judgment and decree, awarding interest only on the genuine fixed deposit and dismissing the suit without costs. Case-Laws Companies Law Fri, 16 Dec 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97775