Supreme Court of India · 2007-07-11
PUNJAB NATIONAL BANK vs SAHUJAIN CHARITABLE SOCIETY .
- Citation / case number
- SC 2005/18934
- Court
- Supreme Court of India
- Petitioner
- PUNJAB NATIONAL BANK
- Respondent
- SAHUJAIN CHARITABLE SOCIETY .
- Author
- P.K. BALASUBRAMANYAN C.K. THAKKER
- Bench
- P.K. BALASUBRAMANYAN C.K. THAKKER
Judgment text excerpt
The Supreme Court addressed a partition suit under the Partition Act, emphasizing that the plaintiff, holding 66.94% shares, failed to enforce rights under Section 3 of the Act to buy out other sharers. The Court noted the delay in implementing a prior order for sale of the property and criticized the prolonged involvement of joint receivers, highlighting the need for timely judicial action. The Court ultimately directed the sale of the property in public auction, allowing sharers to participate and set off their purchase price against their shares.