https://www.taxtmi.com/caselaws?id=104717 A pledge of securities carries the incidents of bailment and the pawnee's right to retain the pledged property, including accretions. The text states that bonus shares, dividend and interest on pledged shares form part of the pledged security and may be retained with the principal asset until redemption. It also notes that a bank need not prove its entire claimed loss, but must show by evidence that it parted with funds or securities exceeding the value of the pledged assets; the stated proved loss was treated as sufficient. On the Cantriple Units, the text records that they were directed to be handed to the Custodian pending related proceedings. Costs were upheld. en-us Tue, 18 Apr 2000 00:00:00 +0530 Fri, 13 May 2022 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104717 A pledge of securities carries the incidents of bailment and the pawnee's right to retain the pledged property, including accretions. The text states that bonus shares, dividend and interest on pledged shares form part of the pledged security and may be retained with the principal asset until redemption. It also notes that a bank need not prove its entire claimed loss, but must show by evidence that it parted with funds or securities exceeding the value of the pledged assets; the stated proved loss was treated as sufficient. On the Cantriple Units, the text records that they were directed to be handed to the Custodian pending related proceedings. Costs were upheld. Case-Laws Companies Law Tue, 18 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104717