Bank not a trustee of money deposited by Customers- Customer & Bank are creditor/Debtor: SC

N. Raghavender Vs State of Andhra Pradesh (Supreme Court)

Section 409 IPC pertains to criminal breach of trust by a public servant or a banker, in respect of the property entrusted to him. The onus is on the prosecution to prove that the accused, a public servant or a banker was entrusted with the property which he is duly bound to account for and that he has committed criminal breach of trust. (See: Sadupati Nageswara Rao State of Andhra Pradesh).

Please become a Premium member. If you are already a Premium member, login here to access the full content.