https://www.taxtmi.com/caselaws?id=114073 The court held that the bank's retention of a surplus amount from a housing loan, claiming a right of lien based on a separate loan transaction, was beyond its power. The court awarded interest at 8% per annum on the retained funds and directed the bank to return the surplus amount of Rs. 16,75,890.75 to the petitioners. The court allowed the petitioners to withdraw the amount deposited with the court, without prejudicing their rights in pending proceedings before the Debts Recovery Tribunal. The request for a stay was denied, with payments subject to further orders from a higher forum. en-us Tue, 18 Mar 2008 00:00:00 +0530 Wed, 10 Dec 2014 13:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114073 The court held that the bank's retention of a surplus amount from a housing loan, claiming a right of lien based on a separate loan transaction, was beyond its power. The court awarded interest at 8% per annum on the retained funds and directed the bank to return the surplus amount of Rs. 16,75,890.75 to the petitioners. The court allowed the petitioners to withdraw the amount deposited with the court, without prejudicing their rights in pending proceedings before the Debts Recovery Tribunal. The request for a stay was denied, with payments subject to further orders from a higher forum. Case-Laws Companies Law Tue, 18 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114073