https://www.taxtmi.com/caselaws?id=101419 Authority of a branch manager to institute suits was recognised where bank regulations empowered branch managers to sign and commence proceedings. Filing the prescribed charge particulars with the Registrar was treated as sufficient for registration when no objection was communicated before liquidation, so the bank was not penalised for the Registrar's omission. Liability under the loan, mortgage and guarantee documents remained enforceable according to each instrument: the principal debtor and guarantors were bound by their undertakings, while equitable mortgagors answered only to the extent of the security created. Interest was recoverable under the contract, but only at the rate proved by the documents and a lower post-suit rate fixed by the court. en-us Fri, 01 Nov 1985 00:00:00 +0530 Thu, 09 Feb 2012 17:04:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101419 Authority of a branch manager to institute suits was recognised where bank regulations empowered branch managers to sign and commence proceedings. Filing the prescribed charge particulars with the Registrar was treated as sufficient for registration when no objection was communicated before liquidation, so the bank was not penalised for the Registrar's omission. Liability under the loan, mortgage and guarantee documents remained enforceable according to each instrument: the principal debtor and guarantors were bound by their undertakings, while equitable mortgagors answered only to the extent of the security created. Interest was recoverable under the contract, but only at the rate proved by the documents and a lower post-suit rate fixed by the court. Case-Laws Companies Law Fri, 01 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101419