https://www.taxtmi.com/caselaws?id=470909 Irrevocable escrow instructions requiring written concurrence of both the depositor's authorised representative and the beneficiary cannot be overridden by a depositor's unilateral withdrawal direction. A bank accepting such instructions must verify whether the stipulated release conditions are fulfilled and holds the earmarked funds in a trustee-like or agency capacity. Interim mandatory relief is unavailable where the claimant has not challenged the binding escrow terms, has not fully disclosed them, and fails to establish a prima facie case, irreparable injury, or equitable entitlement. A beneficiary with a direct interest in the escrow fund should be joined where its rights may be affected, enabling effective adjudication and an application to vacate injunctive relief. en-us Thu, 21 Sep 2000 00:00:00 +0530 Thu, 13 Aug 2026 12:45:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470909 Irrevocable escrow instructions requiring written concurrence of both the depositor's authorised representative and the beneficiary cannot be overridden by a depositor's unilateral withdrawal direction. A bank accepting such instructions must verify whether the stipulated release conditions are fulfilled and holds the earmarked funds in a trustee-like or agency capacity. Interim mandatory relief is unavailable where the claimant has not challenged the binding escrow terms, has not fully disclosed them, and fails to establish a prima facie case, irreparable injury, or equitable entitlement. A beneficiary with a direct interest in the escrow fund should be joined where its rights may be affected, enabling effective adjudication and an application to vacate injunctive relief. Case-Laws Indian Laws Thu, 21 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470909