https://www.taxtmi.com/caselaws?id=102250 The court held that the margin money deposited by the applicant with the bank is impressed with trust in favor of the applicant-depositor to the extent of the unutilized amount. The court directed the bank to refund the unutilized margin money to the applicant, rejecting the request for interest on the refunded amount. The court emphasized the fiduciary relationship created by the specific purpose of the deposit and the RBI guidelines mandating cash margins for letters of credit. en-us Thu, 27 Feb 1992 00:00:00 +0530 Tue, 14 Feb 2012 12:23:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102250 The court held that the margin money deposited by the applicant with the bank is impressed with trust in favor of the applicant-depositor to the extent of the unutilized amount. The court directed the bank to refund the unutilized margin money to the applicant, rejecting the request for interest on the refunded amount. The court emphasized the fiduciary relationship created by the specific purpose of the deposit and the RBI guidelines mandating cash margins for letters of credit. Case-Laws Companies Law Thu, 27 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102250