https://www.taxtmi.com/caselaws?id=109087 Money received by a broker on behalf of a principal remains the principal's property and cannot be treated as the broker's assets for attachment under the Special Court Act. A third party's share, title or right in the property is not extinguished by attachment proceedings. Where trust money is mixed with the trustee's own funds, section 66 of the Indian Trusts Act, 1882 allows the principal to claim a charge on the composite fund without tracing a specific bank account. The attached amount was therefore not liable to be treated as the broker's property, and refund to the principal was directed. en-us Mon, 12 Apr 2004 00:00:00 +0530 Mon, 19 Aug 2013 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109087 Money received by a broker on behalf of a principal remains the principal's property and cannot be treated as the broker's assets for attachment under the Special Court Act. A third party's share, title or right in the property is not extinguished by attachment proceedings. Where trust money is mixed with the trustee's own funds, section 66 of the Indian Trusts Act, 1882 allows the principal to claim a charge on the composite fund without tracing a specific bank account. The attached amount was therefore not liable to be treated as the broker's property, and refund to the principal was directed. Case-Laws Companies Law Mon, 12 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109087