Mohammad Maqbool Kunash vs Jammu And Kashmir Bank Ltd on 7 June, 2012
In Mohammad Maqbool Kunash (supra), while considering the prayer
of the borrower for Interim Injunction, referring to the terms of the
Loan agreement, the Jammu and Kashmir High Court held that
there is an express contract authorising the Bank to have a general
lien and the right of set off for all or any balance due to the Bank
over all or any securities for the time being held by the Bank and
all or any such security that may come in the hands of the Bank.