Tag: Section 409 in The Indian Penal Code

  • Liability of Pledgee for Criminal Breach of Trust

    Comment : In this case the court held a bank liable for criminal breach of trust where it misappropriated the govt. securities pledged with it by the pledgor to secure overdraft – in actuality no overdraft was procured. The defence of S.79 of the bank was negatived for the simple reason that bank could not be…