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
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
Banker's lien is explained as under:
Extent of lien.--By mercantile custom the banker has a general lien over all forms of commercial ... Apart from any specific security, the banker can look to his general lien as a protection against loss on loan or overdraft or other credit
general bankers lien. The banker can look to his general lien as a protection against loss on loan. The deposits and securities are held ... letters executed by the Judgment-debtor on 17.9.80 created a general lien infavour of the appellant Bank over the two FDRs. Even otherwise having regard
express contract to that effect.
8. He referred to general lien and relied on Syndicate Bank v. Vijay Kumar (1992) SCC 330: 74 Comp ... guarantee was discharged, it was held that the bank retained the general lien on the fixed deposit for the payment of its claim against
result will be to leave him without a lien or a suspended lien upon a permanent post.
1. In the case of Triveni Shankar Saxena ... different contexts such as 'contractual lien', 'equitable lien', 'specific lien', 'general lien' etc. A person
charges. This is an
application of the equity which gives salvage liens, ie
liens for money advanced for the purpose of saving the
property from ... inverse order to their dates. Salvage liens are confined in
English law to maritime liens. A salvage lien was
claimed in an old Calcutta case
Writ Petition Nos. 8872 and 8873 of 1995, the General
Manager and the Deputy General Manager of Balmer Lawrie and Company Ltd. (a
Government ... report to Shri. VN. Sharma, Deputy General Manager for further instructions.
3.You will have lien with Balmer Lawrie & Co.Ltd., for a maximum
lien alone, they will get any such rights in the transferred unit.
Therefore, as far as the appellants are concerned, their lien was retained ... provisions relating
transfer and termination of lien. It is therefore submitted that the reliance
placed on the decision of the Apex Court in Sudhakran
Sumikin Bussan (Hong Kong) ... vs Manharlal Trikamdas Mody And Ing Bank, ... on 2 May, 2006
