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1973 Supreme(Ker) 264

P.SUBRAMONIAN POTI, K.BASKARAN
FEDERAL BANK LTD. – Appellant
Versus
GEEVARGHESE – Respondent


Judgment :-

1. The defendant in the suit, the Federal Bank Limited, is the appellant here. The plaintiff claims to have deposited a sum of Rs. 54000/-in the Angamali Branch of the defendant Bank on 8 71959. It was a short notice deposit liable to be repaid with interest at 15 days' notice. The plaintiff's case is that when notice for payment of the amount due under (he deposit was made the Bank did not make the payment and therefore the suit was necessitated.

2. The defendant Bank has its registered office at Alwaye which is very near Angamali. The plaintiff who was a resident of Angamali was said to have been having dealings ever since 1952 with the Angamali Branch of the defendant Bank. According to the plaintiff for the deposit of Rs. 54000/- he made in that Branch on 8 71959 a deposit receipt was given to him. Interest upto 3112 1960 is said to have been paid and when on 6 31961 the amount due under the deposit account was demanded, it was not paid even after the expiry of 15 days. Therefore a notice was issued to the defendant Bank on 24-3-1961 and to this notice a reply was given by the defendant Bank denying its liability to pay. The deposit receipt has been issued by the Age













































































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