https://www.taxtmi.com/caselaws?id=97821 The appellate court found in favor of the plaintiff bank in a case involving the recovery of Rs. 5,000 held in trust by the defendant bank. The court determined the existence of a fiduciary relationship and a special contract for the transmission of funds, entitling the plaintiff bank to a declaratory decree. The defendant bank was ordered to pay the amount in full with priority to the plaintiff bank and bear the litigation costs. The court upheld the trial judge's findings on the suit's timeliness and the authorization of the plaintiff's secretary to file the suit. en-us Mon, 18 Apr 1960 00:00:00 +0530 Wed, 18 Jan 2012 12:06:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97821 The appellate court found in favor of the plaintiff bank in a case involving the recovery of Rs. 5,000 held in trust by the defendant bank. The court determined the existence of a fiduciary relationship and a special contract for the transmission of funds, entitling the plaintiff bank to a declaratory decree. The defendant bank was ordered to pay the amount in full with priority to the plaintiff bank and bear the litigation costs. The court upheld the trial judge's findings on the suit's timeliness and the authorization of the plaintiff's secretary to file the suit. Case-Laws Companies Law Mon, 18 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97821