K.K. SHARMA vs KULWANT SINGH

The Supreme Court allowed the appeal against the Punjab and Haryana High Court's decision quashing the surcharge order imposed on the first respondent, who was the Chairman of the Bank. The Court found that the respondent had incurred legitimate expenses for official duties, including the use of a bank car and the purchase of furniture, which did not result in any pecuniary loss to the Bank. Consequently, the surcharge order was deemed unwarranted and the High Court's ruling was upheld.