Search Results Page
Search Results
1 - 10 of 20 (0.93 seconds)Section 60 in The Transfer Of Property Act, 1882 [Entire Act]
The Indian Contract Act, 1872
The Sale Of Goods Act, 1930
Section 100 in The Transfer Of Property Act, 1882 [Entire Act]
Section 8 in The Indian Contract Act, 1872 [Entire Act]
Gurbax Rai And Ors. vs Punjab National Bank, New Delhi on 20 March, 1984
When the borrower has created a
WP© Nos. 26253, 36140 &
37946 of 2025
6
2026:KER:5512
mortgage to secure a particular loan, he is entitled to redeem the
mortgage by payment of the debt. Such a mortgage is a contract
contrary to the general lien provided under Section 171. The
learned Counsel for the Borrowers cited the decisions of the
Hon'ble Supreme Court and of various High Courts including this
Court in Gurbax Rai and Others v. Punjab National Bank, New Delhi [(1984)
3 SCC 96], R.D.Saxena v. Balram Prasad Sharma [(2000) 7 SCC 264], Alekha
Sahoo v. Puri Urban Co-operative Bank Ltd. and Others [AIR 2004 Ori 142],
Biju Jacob v. The Authorised Officer, Federal Bank Limited and Others
[2010:KER:20841], State Bank of India and Another v. Jayanthi and Others
[AIR 2011 Mad 179], Syndicate Bank v. Sheela Julian [2018 (5) KHC 282],
State Bank of India v. Joshy P.K. and Others [2019:KER:19625], Sunil
Ratnakar Gutte v. Union Bank of India [AIR 2022 Bom 195], PNB Vesper Life
Science Pvt. Ltd. v. Registrar of Co-Operative Societies [2023 (3) KHC 116],
Thomas George v. Corporation Bank [2023:KER:68061], Balaram
Choudhury v. Indian Bank, Bhubaneshwar [AIR 2024 Ori 107], Inkel Ltd. v.
Federal Bank Limited [2024 KHC 1604], and Kerala Bank and Another v.
WP© Nos. 26253, 36140 &
37946 of 2025
7
2026:KER:5512
Manarkattu Theatres (P) Ltd. [2024:KER:2707] in support of their
contentions.
R.D. Saxena vs Balram Prasad Sharma on 22 August, 2000
This
Court did not consider the categorical finding of the Hon'ble
Supreme Court in R.D. Saxena (supra) by distinguishing the said
decision, holding that the facts and circumstances of the case and
the legal principles laid down are entirely different.
Alekha Sahoo vs Puri Urban Co-Operative Bank Ltd. And ... on 29 April, 2004
In Santhakumary Amma P. (supra), the learned Single Judge of this
Court refused to follow the decisions in Alekha Sahoo (supra), Sunil
Ratnakar Gutte (supra) and PNB Vesper Life Science Pvt. Ltd. (supra) in
view of the findings of the Hon'ble Supreme Court in Syndicate Bank
(supra) that the Banker has a general lien over all forms of deposits
or securities made by or on behalf of the customer in the ordinary
course of banking business.
Syndicate Bank vs Vijay Kumar And Others on 5 March, 1992
5. Per Contra, the learned Counsel for the Banks contended that the
issue is no longer res integra and it is well settled by the decisions
of the Hon'ble Supreme Court and of various High Courts,
including this Court. The Banks are entitled to retain all securities
available with them to invoke the general lien provided under
Section 171 of the Contract Act. Adv.Sri.Jithesh Menon invited my
attention to the Memorandums of Deposit of Title Deeds dated
07.06.2014 and 24.08.2015 executed by the Petitioner in W.P.(C)
No.36140/2025, in which it is stated that the security of equitable
mortgage is for the credit facilities stated therein and for any other
credit facilities that may be granted to him by the Bank thereafter.
Learned Counsel further pointed out the recital in the Agreement
of Loan dated 24.08.2015, executed by the said Petitioner, that
nothing contained in the Agreement or any security documents
shall be construed as excluding the general lien. Adv.Sri.Ramola
WP© Nos. 26253, 36140 &
37946 of 2025
8
2026:KER:5512
Nayanpally contended that W.P.(C) No.37944/2025 is premature,
as the Petitioner therein has not even settled the loan liability for
which the title documents are deposited to create the equitable
mortgage. The learned Counsel for the Banks cited the decisions
in Syndicate Bank v. Vijay Kumar and Others [(1992) 2 SCC 330], Sadhna
Gupta v. R.C. Gupta [2009 SCC OnLine Del 2334], Thankappan V.K. and
Another v. Uthiliyoda Muthukoya [2011 (2) KHC 738], Mohammad Maqbool
Kunash v. Jammu and Kashmir Bank Ltd. [AIR 2013 J&K 14], Nakulan v.
Deputy General Manager, Canara Bank, Kollam and Others [2014 (1) KHC
51], Nayabuddin v. Union of India and Others [2016 KHC 2950], Swapan Paul
and Another v. State Bank of Bikaner & Jaipur and Others [2017 SCC
OnLine Cal 12478], A.A. Associates and Another v. Indian Overseas Bank
and Others [2019 SCC OnLine Mad 783], C.R.Ramachary v. Indian Overseas
Bank and Others (Order dated 31.10.2018 of the Madras High Court in W.P.
No.16812/2018], P.V.Hariharan v. The Indian Overseas Bank and Others
[2019:KER:50206], Babu George v. State Bank of India [2022:KER:49612],
WP© Nos.