SUMATIBALA SEN Vs. HERAMBA KUMAR ROY AND ORS.

JUDGEMENT

(1.) This judgment is intended to deal with several claims on account of bills collected by the Banking Company in liquidation.

(2.) A banker employed to collect and remit money is under a fiduciary obligation to account for and to pay the money to his principal according to directions.

(3.) Ordinarily, the agency does not terminate on collection but continues until payment: --'w. Rule Pink v. Buldeo Dass', 26 Cal 715 (A) ; --'babu Ram v. Ram Dayal', 12 All 541 (B).