https://www.taxtmi.com/caselaws?id=183856 A special bank-reconstruction regulation was construed purposively to transfer the rights, claims, liabilities and assets of closed branch operations to the Custodian, who could therefore sue to recover loans arising from branch transactions. The decrees could be sustained on the branch accounts and other available evidence even though the promissory notes and bills of exchange had been removed and were not produced, and no additional indemnity was required before decree. However, substantive set-off pleas could not be ignored; those claims had to be examined on merits, so that limited issue was remitted for fresh determination. en-us Fri, 30 Jul 1982 00:00:00 +0530 Thu, 23 Jun 2016 14:15:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183856 A special bank-reconstruction regulation was construed purposively to transfer the rights, claims, liabilities and assets of closed branch operations to the Custodian, who could therefore sue to recover loans arising from branch transactions. The decrees could be sustained on the branch accounts and other available evidence even though the promissory notes and bills of exchange had been removed and were not produced, and no additional indemnity was required before decree. However, substantive set-off pleas could not be ignored; those claims had to be examined on merits, so that limited issue was remitted for fresh determination. Case-Laws Indian Laws Fri, 30 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183856