https://www.taxtmi.com/caselaws?id=292674 A security deposit placed with a bank, carried at interest and treated by the parties as money available for the bank's use, was held not to constitute trust property in liquidation. The surrounding conduct showed that the bank held the deposit as debtor rather than trustee: the funds were mixed with the bank's assets, and the depositor accounted for interest as part of the banking relationship. On that basis, the depositor could claim only as an ordinary creditor, and the claim to follow the money as trust property failed. en-us Fri, 28 Aug 1914 00:00:00 +0530 Mon, 04 Jan 2021 16:26:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292674 A security deposit placed with a bank, carried at interest and treated by the parties as money available for the bank's use, was held not to constitute trust property in liquidation. The surrounding conduct showed that the bank held the deposit as debtor rather than trustee: the funds were mixed with the bank's assets, and the depositor accounted for interest as part of the banking relationship. On that basis, the depositor could claim only as an ordinary creditor, and the claim to follow the money as trust property failed. Case-Laws Indian Laws Fri, 28 Aug 1914 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292674