Morvi Mercantile Bank Ltd. v.
Union of India
Get notes for Contract II and other subjects here. Read more on Pledge here.
Facts – A firm sent six boxes of
menthol crystals worth Rs 35,500/- from Thana (Maharashtra) to Okhla (New
Delhi) via Indian Railways. The boxes were marked with the name of the said
firm and were consigned to "self". The firm later endorsed the
railway receipts of the boxes in favour of Bank against an advance of Rs 20,000/-
made by the Bank to the firm. These boxes did not...
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