Banking Constitution - Law Dictionary Search Results
Negotiable instruments
not within the Act and is not a negotiable instrument, North and South Insurance Co. v. National Provincial Bank Ltd., (1936) 105 LJKB 163. See BILL OF EXCHANGE AND NOT NEGOTIABLE. (1) A 'negotiable instrument' means a … instruments are negotiated when they are transferred from one person to another in such a manner as to constitute the transferee the holder of them, and s. 32 enumerates the conditions under which an indorsement may operate
Client account
institution; or (ii) a person (a) who has obtained or seeks to obtain financial assistance from a credit constitution, by way of loans, advances, hire purchase, leasing facility, letter of credit, guarantee facility, venture capital assistance by … by credit institution or any other person or institution as may, by notification, be directed by the Reserve Bank. [Credit Information Companies (Regulation) Act, 2005, s. 2(c)].
Accord
if the bill or note is given, not by the debtor, but by a stranger; Allen v. Royal Bank of Canada, 95 LJ PC 17. And see CONSIDERATION. * See British Russian Gazette Ltd. v. Associated Newspapers … QB 380; Ib., 16 QB 1039; but whether the new agreement in itself or the performance of it constitutes the accord and satisfaction depends on its construction, Elton Cop Dyeing Co. v. Broadbent, (1920) 89 LJ KB
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Office
of activities from office purpose to godown purpose is a change of use of premises, Goa Urban Coop. Bank v. Noor Mohd., (2004) 6 SCC 166. It is 'a room or building used as a place of
Place of residence
of the Dominions or on account of civil disturbances or fear of such disturbances, Sukh Lal v. State Bank of India, AIR 1967 SC 543 (546): (1967) 1 SCR 317. [Displaced Persons Debts Adjustment Act, 1951, s. … abode, would be deemed to be a place of residence. Sojourn for a purely temporary purpose will not constitute residence, and the place of sojourn will not be deemed a place of residence within the meaning of
Due course of law
of private rights. To give such proceedings any validity, there must thus be a tribunal competent by its constitution, that is by law of its creation, to pass upon the subject matter of the suit or proceeding; … is the meaning of due course of law in a comprehensive sense, East India Hotels Ltd. v. Syndicate Bank, 1992 Supp (2) SCC 29.
Suit
will have to made in the content in which the same is used, Madalsa International Ltd. v. Central Bank of India, AIR 1998 Bom 247. Suit, does not become necessarily a suit for accounts merely because the … suit and an appeal is that an appeal only reviews and corrects the proceedings in a cause already constituted but does not create the cause, Mithilesh Kumari v. Prem Behari Khare, AIR 1989 SC 1247: (1989) 1
Industrial dispute
employment or with the conditions of labour there comes into existence an industrial dispute, Shambu Nath Goyal v. Bank of Baroda, AIR 1978 SC 1088: (1978) 2 SCR 793: (1978) 2 SCC 353.
Corporation or body politic
in or after 1890 includes any body of persons corporate or unincorporate. See, however, Hirst v. West Riding Bank Ltd., (1901) 2 KB 560, and cases there cited. See also TRUST; CORPORATION. A corporation has only one … it could not commit those crimes (Odgers on Libel). The several members of a corporation and their successors constitute but one person in law. The duty of a corporation is to answer the ends of its institution-to
Natural justice
and circumstances of that case, the frame-work of the law under which the enquiry is held and the constitution of the Tribunal pointed for the purpose, A.K. Kraipak v. Union of India, AIR 1970 SC 150: (1969) … linguistic technicalities and grammatical niceties. It is the substance of justice which has to determine its form, Canara Bank v. Debasis Das, AIR 2003 SC 2041 (2047): (2003) 4 SCC 557.
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