Legal Question in Banking Law in India

Banking

What if a person pledges a stolen article?


Asked on 10/12/07, 5:12 am

2 Answers from Attorneys
Vijay Chandavale Advocate Vijay Chandavale & Associates

Re: Banking

the stolen property doesnot confer any legal title on person so he can't exercise the right of legitimate owner . Therefore the real owner of the property is entitled to get back his property which is being stolen by another and pledged. Such bank can't also enforce its pledge rights as the said right is defective

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Answered on 10/12/07, 11:26 am
G. M. Gupta gmguptaandassociates

Re: Banking

it still depends on lot of other things before we suggest anything.

the most important thing is what u want to know actually

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Answered on 10/13/07, 2:23 pm


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