Court Rules Banks Have No Lien on Pre-Deposits Under SARFAESI Act's Section 18 per Indian Contract Act Section 171. https://www.taxtmi.com/highlights?id=28809 Bank has no lien on the pre-deposit made under Section 18 of the SARFAESI Act in terms of Section 171 of The Indian Contract Act, 1872. - SC en-us Tue, 26 Apr 2016 09:58:26 +0530 Tue, 26 Apr 2016 09:58:26 +0530 TaxTMI RSS Generator Court Rules Banks Have No Lien on Pre-Deposits Under SARFAESI Act's Section 18 per Indian Contract Act Section 171. https://www.taxtmi.com/highlights?id=28809 Bank has no lien on the pre-deposit made under Section 18 of the SARFAESI Act in terms of Section 171 of The Indian Contract Act, 1872. - SC Highlights Indian Laws Tue, 26 Apr 2016 09:58:26 +0530 https://www.taxtmi.com/highlights?id=28809