Supreme Court of India · 2006-07-18
Vedsons Engineers (P) Ltd. vs Punjab National Bank
- Citation / case number
- AIRONLINE 2006 SC 430
- Court
- Supreme Court of India
- Petitioner
- Vedsons Engineers (P) Ltd.
- Respondent
- Punjab National Bank
- 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 on the appellants and the Bank, excluding other creditors. The appeal was resolved in accordance with the compromise, with no costs awarded.