Interpleader suit cannot be instituted
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for any property which relates to two persons, but which is being held by a third person for the time being
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for determining the relationship between a property and the persons claiming it
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for getting himself absolved from the liability to keep the property, which is not being held by him
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where a suit is pending in which the rights of all parties can properly be decided
Options (1), (2) and (3) are incorrect: Under Section 88, where two or more persons claim adversely to one another the same debt from another person who claims no interest therein other than for charges or costs and who is ready to pay or deliver it to the rightful claimant, such other person may institute a suit of interpleader against all the claimants for the purpose of obtaining a decision. Option (4) is correct: Proviso to Section 88 states where any suit is pending in which the rights of all parties can properly be decided, no such suit of interpleader shall be instituted.