https://www.taxtmi.com/caselaws?id=190870 A banker's general lien extends to fixed deposit receipts received in the ordinary course of banking business unless displaced by contract, and an express covering letter authorising retention of the deposits and renewals preserved that right. The link between the deposits and the bank guarantee did not reduce the bank's broader contractual and mercantile right of retention and set-off, so the lien continued even after the guarantee was discharged. Execution attachment could reach only any surplus remaining after the bank adjusted the deposits against the customer's liabilities; a direction to deposit the full amount without first determining the bank's dues was unsustainable. en-us Thu, 05 Mar 1992 00:00:00 +0530 Tue, 07 Mar 2017 16:09:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190870 A banker's general lien extends to fixed deposit receipts received in the ordinary course of banking business unless displaced by contract, and an express covering letter authorising retention of the deposits and renewals preserved that right. The link between the deposits and the bank guarantee did not reduce the bank's broader contractual and mercantile right of retention and set-off, so the lien continued even after the guarantee was discharged. Execution attachment could reach only any surplus remaining after the bank adjusted the deposits against the customer's liabilities; a direction to deposit the full amount without first determining the bank's dues was unsustainable. Case-Laws Indian Laws Thu, 05 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190870