Supreme Court of India
Punjab National Bank v. Indian Bank and Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In the result, the appeal is allowed and the impugned order passed by G the High Court is set aside.
Judgment, page 16
From the headnote
Code of Civil Procedure, 1908; Order 6 Rule 17 r/w Section 151: Contract between Indian firm and foreign firm-Loan taken by Indian firm ji·om foreign firm against bank guarantee-Enforcing of bank guarantee by the assignee bank on repudiation of the contract-Denial to encash bank guarantee-Assignee-Bank filing a suit for recovery-Application for amendment of pleading for gelling relief in foreign currency-Amendment allowed by Debt Recove1y Tribunal-Reversed by the High Court-On appeal, Held: Since there has been indication of demand in foreign currency in the Plaint, there lies a claim for…
Authorities it was built on
- 1957 Pirgonda Hongonda Patil v. Kalgonda Shidgonda Patil and Others
- 1983 Forasol v. Oil & Natural Gas Commission (and Vice Versa)
- 1963 Laxmidas Dahyabhai Kabarwala v. Nanabhai Chunilal Kabarwala and Ors.
- 1966 Vithal Das v. Rupchand & Ors.
- 2002 Sampath Kumar v. Ayyakannu and Anr.
- 1967 State of Gujarat v. Jaswantlal Nathalal
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