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limitation. The courts below held that the banker's lien
cannot be exercised so as to recover a debt which ... Supreme Court considered the extent of banker's
lien. It was held as follows:
"6. In Halsbury
Kerala High Court
down as under:
"5. The question of bankers lien/general lien fell for consideration before the Supreme Court ... provisions of the Contract Act in respect of bankers lien, the following observation was made by the Supreme court
Madras High Court
Section 171 of the Act dealing with general lien of bankers, factors,
wharfingers, attorneys and policy-brokers reads as hereunder ... explain
what may be the meaning of a Banker's lien in legal terminology
Andhra High Court
this appeal is; what is the meaning of
"Banker's lien" in the legal terminology and how it is understood ... before us that the appellant Bank has a banker's
lien over the amount deposited by the Judgment-debtor
Supreme Court of India
whether the Bank can claim to
exercise the Banker's lien in these circumstances. Section 170 of the
Indian Contract ... refers to general lien of Bankers and others in
respect of goods bailed to them which runs as under:
"Where
Punjab-Haryana High Court
against him, the Bank has got a banker's lien against the securities
held by it in any account whatsoever ... Bank had agreed to give up its general lien. Bankers have a
general lien on things bailed with them unless
Allahabad High Court
original applicant, that the Bank had a general banker's lien and
that the applicant was not entitled ... reply?
3. Has the respondent Bank general banker's lien or lien by
agreement on the amount in suit
Punjab-Haryana High Court
loan and further based on concept of Banker's
lien would not be available. It has been indicated that prima ... amount in the exercise of right
known as Banker's lien.
5. The learned counsel for the respondent has placed
Madhya Pradesh High Court
second transaction as well. Secondly, there is a
banker's lien of the appellant over the title deeds deposited with ... also pointed out that when the banker's lien
started in the year 1970 there was already an attachment
Karnataka High Court
referred to Section 171
of the Contract Act (Banker's lien), which states as under:
General items of bankers: Bankers ... indebtedness. This latter
right is known as banker's lien and it rests on the principle of the
law merchant
Income Tax Appellate Tribunal - Chennai
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