would like to extract the same herein below:
Section
171: General lien of bankers, factors, wharfingers,
attorneys and policy brokers
-------- Bankers, factors, wharfingers, attorneys ... explained as under:
By
mercantile custom the banker has a general lien over all forms of commercial
paper deposited by or on behalf
Section 171 of the Indian Contract Act, 1972 which provides for
general lien of bankers, factors, wharfingers,
attorneys and policy-brokers, which
reads thus ... General
lien of bankers, factors, wharfingers, attorneys, and
policy-brokers.Bankers, factors, wharfingers,
attorneys of a High Court and policy-brokers may, in the absence
Bank of Saurashtra on the ground that the Bank has the general lien on all the fixed deposits deposited by the investors and that there ... amount was not deposited, the Bank was constrained to enforce the general lien on the FDRs and an amount
Banks to exercise general lien towards general
balance of account for any sum due to them, hence, general lien can be
exercised in respect ... expression Banker's lien. In
paragraph-6 of the judgment, the definition of lien and Banker's lien is
noticed in following words
general balance of account any goods bailed to it. Section
171 of the Contract Act, however, is a recognition of the
right of general lien ... lien can be exercised by bankers and in
which cases such lien cannot be exercised by bankers will,
equally apply to exercise of lien under
account holder or his nomine e,
the question of exercising of general lien by the Bank does not
arise. Once the nomination is done, after ... same was done in
exercise of its power under general lien and also on the request
letter given by the co-borrowers and that
पर बल दिया गया, जो निम्नवत् है:-
"171. General lien of bankers, factors, wharfingers, attorneys and policy-brokers.--Bankers, factors, wharfingers, attorneys ... किया गया है:-
"By Mercantile system the Bank has a general lien over all forms of securities or negotiable instruments deposited
which are in the possession or power of the mortgagee...
171. General lien of bankers, factors, wharfingers, attorneys and policy brokers-Bankers, factors, wharfingers, attorneys ... supra), Supreme Court made following observations about exercise of right of general lien of Bankers as under:
By Mercantile system the Bank has a general
bank. In other words, can a Bank exercise its power of general lien in respect of this amount? On behalf of the bank, out attention ... bank guarantee was discharged and the bank did not have a general lien on the security given. It is only a case of particular lien
Supreme Court, inter-alia, held that the Bank has a general lien over all forms of securities or negotiable instruments, deposited by or on behalf ... customers in the ordinary course of banking business and such a general lien is a valuable right of the banker, judicially recognised
