Supreme Court of India

Jaswantrai Manilal Akhaney v State of Bombay

AIR 1956 SC 575; 1956 SCR 48319561 min read
The case in brief30-second read
Facts
The appellant, managing director of a co-operative bank, pledged securities belonging to the bank with another bank to raise money for his own purposes.
Issue
Whether he committed criminal breach of trust under S.409 IPC.
Held
His conviction under S.409 IPC was upheld. He had dominion over the securities and dealt with them dishonestly in violation of the trust, causing wrongful loss and gain.
Principle
Dishonest use of entrusted property in breach of the terms of entrustment is criminal breach of trust.
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Facts

  • The appellant, managing director of a co-operative bank, pledged securities belonging to the bank with another bank to raise money for his own purposes.

Issue

  1. Whether he committed criminal breach of trust under S.409 IPC.

Held

  • His conviction under S.409 IPC was upheld. He had dominion over the securities and dealt with them dishonestly in violation of the trust, causing wrongful loss and gain.

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Citation

Jaswantrai Manilal Akhaney v State of Bombay AIR 1956 SC 575; 1956 SCR 483

Reported: https://indiankanoon.org/doc/1273982/. This is an educational summary, not the judgment itself. Cite the reported version in professional or academic work.