The Law Reports (Appeal Cases)
[1935] AC 53
[PRIVY COUNCIL.]
OFFICIAL ASSIGNEE OF MADRAS APPELLANT; AND MERCANTILE BANK OF INDIA, LIMITED RESPONDENTS.
ON APPEAL FROM THE HIGH COURT AT MADRAS.
1934 Oct. 15.
LORD ATKIN, LORD MACMILLAN, LORD WRIGHT, SIR JOHN WALLIS, and SIR LANCELOT SANDERSON.
Pledge
— Railway Receipt
— Document of Title
— Railway Receipt handed to pledgor for special purpose
— Insolvency
— Possession, order or disposition
— Equitable Charge on goods
— Bankers
—
Indian Contract Act (IX. of 1872), s. 178
—
Presidency-towns Insolvency Act (III. of 1909), s. 52, sub-s. 2 (c).