In the present case the appellant asserted that it had obtained'the currency notes in the normal course of its business and without any knowledge or suspicion of their having been involved in the commission of any offence. The respondents have not alleged fraud or lack of good faith on the part of the appellant. The appellant hence contended that the property in the currency notes, passed in its favour by mere delivery and the appellant "had a right to possess' the currency notes within the meaning of s. 517 of the Code of . We do not wish to express any concluded this case on the ultimate question of liability for payment of the money as between the appellant on the one hand and respondents 1 and 2 on the other. But we are of opinion that in the circumstances of this case the High Court should have directed the return of the said currency notes to the
appellant which had the "right to possess" the currency notes within the language of s. 517 of the Code of Criminal Procedure.
Supreme Court of India
State Bank Of India vs Rajendra Kumar Singh & Ors on 25 September, 1968
Equivalent: 1969 AIR 401, 1969 SCR (2) 216