High CourtsFull Bench(1910) 03 MAD CK 0088

The Official Assignee of Madras vs The Society for Promoting Christian Knowledge

Madras High Court · Decided on 16 March 1910 · Citation: 6 Ind. Cas. 240

HON’BLE JUDGES
Munro, J · Miller, J · Abdur Rahim, J

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Judgment

6 paragraphs · 113 words

Miller, J.—This case is also on all fours with Lupprian''s case (L.P. Appeal No. 138.) Here as theie, the bankers promised to buy securities for the customer and failed to do so before they suspended payment, but here as there I find nothing to suggest that the purchase was not to be made out of the funds of the Bank or that any transfer of funds was effected to any kind of trust account.

2.

I would, therefore, allow the appeal with costs throughout.

Munro, J.

3.

For the reasons given in my judgment in L.P. Appeal No. 138 of 1909. I agree to the proposed order.

Abdur Rahim, J.

4.

I concur.