https://www.taxtmi.com/caselaws?id=102255 The court held that the amounts in question are impressed with trust for the benefit of the applicant-company and subscribers. These amounts are not part of the general assets of the bank and are refundable in full to the applicants with interest. The court relied on statutory provisions and legal principles to establish a fiduciary relationship between the bank and the applicants, ensuring the refundability of the amounts. Operative orders directed the respondents to deposit specific amounts in court for withdrawal by the applicants upon fulfilling specified conditions, without awarding costs in both cases. en-us Wed, 04 Mar 1992 00:00:00 +0530 Tue, 14 Feb 2012 12:29:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102255 The court held that the amounts in question are impressed with trust for the benefit of the applicant-company and subscribers. These amounts are not part of the general assets of the bank and are refundable in full to the applicants with interest. The court relied on statutory provisions and legal principles to establish a fiduciary relationship between the bank and the applicants, ensuring the refundability of the amounts. Operative orders directed the respondents to deposit specific amounts in court for withdrawal by the applicants upon fulfilling specified conditions, without awarding costs in both cases. Case-Laws Companies Law Wed, 04 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102255