Apex Law Journal
Apex Law Journal
An online law journal reporting latest and important judgments of Hon'ble Supreme Court of India.                                                                                                                         Click here to get free legal updates via email                                                                                                                          Click here to download forms (Address Form, List Of Documents and Memorandum Of Appearance)
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Editor

Neha Goel, Advocate

Advisory Board

S.C. Khunger, Advocate

Rohit Bansal, Advocate

Varinder Singh Kanwar, Advocate

Hittan Nehra, Advocate

Judgments on Hypothecation

Thursday, May 27, 2010
Hypothecation

Hypothecation — Sale of goods hypothecated to Bank — Without it’s permission — Bank not taking appropriate remedy in accordance with law — Held, mere irresponsibility, on the part of the Bank, would not wipe out the rights of the Bank in law — Without the consent of the Bank, no person can utilize the hypothecated goods for his own benefit or sale by the borrower or any person connected thereto — It is nobody’s case that the Bank had consented to such sale.

 
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