https://www.taxtmi.com/caselaws?id=277292 Civil Court jurisdiction extended to a dispute over specific property or its proceeds allegedly taken into an insolvent estate, rather than a claim for rateable insolvency distribution, so the Official Assignee's objection failed. An equitable hypothecation of future indigo-cakes was valid because the subject-matter was sufficiently certain once the property came into existence. The plaintiffs could not displace the prior equitable interest by alleged delivery of possession or by claiming to be transferees without notice, since notice of prior decrees and constructive notice were established. No privileged lien arose merely because the loans supported factory working, and the prior equitable security was upheld. en-us Wed, 30 Mar 1904 00:00:00 +0521 Fri, 30 Nov 2018 15:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277292 Civil Court jurisdiction extended to a dispute over specific property or its proceeds allegedly taken into an insolvent estate, rather than a claim for rateable insolvency distribution, so the Official Assignee's objection failed. An equitable hypothecation of future indigo-cakes was valid because the subject-matter was sufficiently certain once the property came into existence. The plaintiffs could not displace the prior equitable interest by alleged delivery of possession or by claiming to be transferees without notice, since notice of prior decrees and constructive notice were established. No privileged lien arose merely because the loans supported factory working, and the prior equitable security was upheld. Case-Laws Indian Laws Wed, 30 Mar 1904 00:00:00 +0521 https://www.taxtmi.com/caselaws?id=277292