https://www.taxtmi.com/caselaws?id=200484 The court affirmed the lower court's decision granting preferential treatment to the plaintiff in a case where funds were paid to a joint Hindu family conducting a banking business. The court determined that the payment was made in a fiduciary capacity, rejecting the appellant's argument that it was a regular banking transaction. The judgment highlighted the importance of how the funds were handled by the bank, ultimately dismissing the appeal and upholding the preferential treatment awarded to the plaintiff. en-us Thu, 16 Nov 1939 00:00:00 +0530 Fri, 30 Mar 2018 10:13:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200484 The court affirmed the lower court's decision granting preferential treatment to the plaintiff in a case where funds were paid to a joint Hindu family conducting a banking business. The court determined that the payment was made in a fiduciary capacity, rejecting the appellant's argument that it was a regular banking transaction. The judgment highlighted the importance of how the funds were handled by the bank, ultimately dismissing the appeal and upholding the preferential treatment awarded to the plaintiff. Case-Laws Indian Laws Thu, 16 Nov 1939 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200484