https://www.taxtmi.com/caselaws?id=292667 Employee security deposits made to an employer for due performance of duties did not create a trust, because there was no defined trust object and no obligation on the employer to administer the funds as trustee. The relationship was held to be debtor and creditor, not beneficiary and trustee. The deposited amount therefore was not trust money in insolvency and the depositors were not entitled to priority over general creditors. en-us Wed, 25 Nov 1936 00:00:00 +0530 Mon, 04 Jan 2021 12:32:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292667 Employee security deposits made to an employer for due performance of duties did not create a trust, because there was no defined trust object and no obligation on the employer to administer the funds as trustee. The relationship was held to be debtor and creditor, not beneficiary and trustee. The deposited amount therefore was not trust money in insolvency and the depositors were not entitled to priority over general creditors. Case-Laws Indian Laws Wed, 25 Nov 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292667