UCO BANK vs HEM CHANDRA SARKAR

The Supreme Court held that the relationship between a bank and its customer does not inherently create a fiduciary relationship, as established under the Indian Contract Act, 1872. The Court found that the mere existence of debit entries in the customer's current account, related to the collection of bills and storage of goods, does not imply that the bank acted as an agent or trustee for the customer. Consequently, the Court dismissed the appeal, affirming that the bank's role was limited to that of a bailee, without any fiduciary obligations towards the customer.