Punjab & Sind Bank vs Allahabad Bank & Anr

The Supreme Court upheld the decision of the Calcutta High Court affirming that the procedures outlined in the ONGC-I case do not extinguish the right to sue, particularly in disputes involving government entities. The Court clarified that the intention behind the ONGC-I ruling was to avoid litigation, not to eliminate statutory remedies available to the Union of India and its corporations. The appeal was dismissed, affirming the lower court's ruling that the suit could proceed despite the appellant's claims regarding procedural non-compliance.