https://www.taxtmi.com/caselaws?id=329156 Territorial jurisdiction under Clause 12 of the Letters Patent was upheld because Section 20 CPC was held inapplicable to a Chartered High Court proceeding and the defendant carried on business within jurisdiction. Limitation was computed from the date the claim for interest arose after the funds became payable under the defreezing order, so the suit was within time. Non-joinder failed because the remitting bank and customs department were not necessary parties for deciding the defendant bank's liability. On the substantive claim, a unilateral request to place funds in fixed deposit did not create a binding deposit arrangement, and current or sundry creditors balances do not ordinarily earn interest; the claim for interest was rejected. en-us Thu, 16 Jun 2016 00:00:00 +0530 Wed, 16 Nov 2016 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329156 Territorial jurisdiction under Clause 12 of the Letters Patent was upheld because Section 20 CPC was held inapplicable to a Chartered High Court proceeding and the defendant carried on business within jurisdiction. Limitation was computed from the date the claim for interest arose after the funds became payable under the defreezing order, so the suit was within time. Non-joinder failed because the remitting bank and customs department were not necessary parties for deciding the defendant bank's liability. On the substantive claim, a unilateral request to place funds in fixed deposit did not create a binding deposit arrangement, and current or sundry creditors balances do not ordinarily earn interest; the claim for interest was rejected. Case-Laws Customs Thu, 16 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329156