Official Assignee Of Madras v Mercantile Bank Of India Ltd

Subject Matter

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).