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
said transfer was done in exercise of its right of general lien
over the funds available in savings account of the complainant and
further pleaded ... have clearly
mentioned that they have exercised the said right of general lien
and further informed that even after such adjustments, there were
dues
loan agreement.
Clause-20 is about the set-off and lien. The bank is having the
general lien over the properties of the complainant hypothecated ... lying with the bank, hence, under the provisions of general
lien, the complainant is not entitled to get the NOC for his paid-up
loan
complainant had requested the OP on several
occasions to get the lien removed from GLADA in favour of OP. Still
the OP bank till ... moved a letter to
Estate Officer GLADA, Ludhiana for lifting of lien of bank against the
Flat on 18.02.2016.
4. Stating to be a case
also admitted their failure cum refusal to return the jewels, claiming lien over the
Jewels. They claimed that for the previous loan obtained ... District Commission failed to appreciate Section 171 and
bankers lien over the Jewels, the above award is liable to be set aside and there
borrower, the OP bank has all
rights to set off and lien on all assets of the complainant being a co-
borrower/guarantor. An amount ... borrower/guarantor, the bank has all rights to set off and lien on all
assets of the respondent/complainant. The District Commission has
completely ignored
kkjk 171 fuEu izdkj gS&
" General lien of bankers, factors, wharfingers, attorneys and policy brokers
Bankers, factors, wharfingers, attorneys of a High Court ... mercantile system the bank has a general lien over all forms of securities
or negotiable instruments deposited by or on behalf of the customer
crop loan was advanced by the respondent/
opposite party against the lien on the land of the
appellant/complainant and for the gold loan, gold ... both the loans availed by
the appellant/complainant were joint and the lien was marked on
both the loans i.e. on the land
Principal borrower or as a guarantor. This is called bankers lien
Section 171 of the Indian Contract Act, which reads thus:
"Bankers, factors, wharfingers ... contract to the contrary, which
prevents the bank from exercising their general lien and as
to whether any goods have been bailed to them
Hence late payment and other charges accumulate. The opposite party have a lien over the SB account of the complainant. This was intimated ... duty of the opposite party to prove that there is a lien as stated by the opposite parties in debiting the EMI due for ICICI
