Interpleader suit cannot be instituted
-
for any property which relates to two persons, but which is being held by a third person for the time being
-
for determining the relationship between a property and the persons claiming it
-
for getting himself absolved from the liability to keep the property which is not being held by him
-
where a suit is pending in which the rights of all parties can properly be decided
It is a suit where the plaintiff holds the property in which he has pecuniary interest. There are many defenders pleading against each other. Section 88 says that such a person can claim against all the claimants. It further says if any suit is pending in which rights of all parties can be properly decided, no such interpleader suit shall be instituted. Thus (4) is the correct option.