SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

1960 Supreme(Mad) 395

P.V.RAJAMANNAR, VENKATADRI
The Secretary, Nanguneri Peace Memorial Co-operative Urban Bank, Ltd. , Nanguneri – Appellant
Versus
Alamelu Ammal – Respondent


Advocates:
R. Ramamurthi Ayyar for Petitioner.
K.S. Champakesa Ayyangar and S.V. Rama Ayyangar for Respondent.

Venkatadri, J.-

This Civil Revision Petition belongs to the unfortunate class of cases in which the Courts have to decide which of the two innocent parties has to suffer for the fraud of a third party.

The petitioner is a Co-operative Bank doing banking business. The respondent is a lady who had dealings with the bank from the year 1952. She made two fixed deposits with the Bank one for a sum of Rs. 2,300 on 24th January, 1955 and another for a sum of Rs. 550 on 5th April, 1952 for three years, the interest payable being 5 per cent per annum. Two fixed deposit receipts bearing Nos. 1293 and 1102 respectively were issued to her by the Secreatary. As she did not receive interest once in six months as per the rules of the bank, she issued a notice calling upon the bank to pay the interest accrued due on the said two deposits. The petitioner (bank) promptly denied its liability and replied to her letter stating that only a sum of Rs. 1,000 had been deposited under fixed deposit receipt No. 1293. The respondent filed the suit S.C. No.926 of 1956 for a decree directing the bank to pay Rs. 237-8-0 for the interest accrued due on the fixed deposits. The petitioner, who was the defendant in




































Click Here to Read the rest of this document

1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top