Supreme Court of India · 2006-07-18
M/S.Vedsons Engineers (P) Ltd vs P N B
- Court
- Supreme Court of India
- Petitioner
- M/S.Vedsons Engineers (P) Ltd
- Respondent
- P N B
- Author
- Ar . Lakshmanan
- Bench
- Ar. Lakshmanan, Lokeshwar Singh Panta
Judgment text excerpt
The Supreme Court disposed of Civil Appeal No.41 of 1998 filed by M/s. Vedsons Engineers (P) Ltd. against the Punjab National Bank, confirming the Memorandum of Compromise between the parties. The Court held that the terms of settlement are binding only between the appellants and the Bank, excluding other creditors. The appeal was resolved in accordance with the compromise, and no costs were awarded.