https://www.taxtmi.com/caselaws?id=102388 The court held that it had jurisdiction to decide civil claims related to liabilities and attached properties. The applicants were not entitled to appropriate the Rs. 50 lakhs based on their agreements with the first respondent. The funds were held in a fiduciary capacity and could not be used as part of the applicants' general assets. The court directed the Rs. 50 lakhs to be deposited in the first respondent's account with the applicants, with restrictions on the applicants' rights to lien or set-off. The third respondent may be liable for interest, to be paid to the first respondent's account under the same conditions as the principal amount. en-us Tue, 27 Jul 1993 00:00:00 +0530 Tue, 14 Feb 2012 17:04:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102388 The court held that it had jurisdiction to decide civil claims related to liabilities and attached properties. The applicants were not entitled to appropriate the Rs. 50 lakhs based on their agreements with the first respondent. The funds were held in a fiduciary capacity and could not be used as part of the applicants' general assets. The court directed the Rs. 50 lakhs to be deposited in the first respondent's account with the applicants, with restrictions on the applicants' rights to lien or set-off. The third respondent may be liable for interest, to be paid to the first respondent's account under the same conditions as the principal amount. Case-Laws Companies Law Tue, 27 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102388