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august 2008

Supreme Court of India · 2008-08-19

M/S. KARNATAKA PATRIKA (P) LTD. vs SYNDICATE BANK .

Citation / case number
SC 2001/5963
Court
Supreme Court of India
Petitioner
M/S. KARNATAKA PATRIKA (P) LTD.
Respondent
SYNDICATE BANK .
Author
TARUN CHATTERJEE,AFTAB ALAM, , ,
Bench
TARUN CHATTERJEE,AFTAB ALAM, , ,

Judgment text excerpt

The Supreme Court partially allowed the appeal, modifying the trial court's decree to the extent that the sum of Rs. 2,50,000 deposited with the Registry shall be treated as satisfied, along with accrued interest. The Court directed that the Syndicate Bank is entitled to withdraw the deposited amount with interest within eight weeks. The judgment emphasizes the importance of consent in resolving disputes and clarifies the procedural aspects of withdrawal of deposited amounts.

M/S. KARNATAKA PATRIKA (P) LTD. vs SYNDICATE BANK . · Niyam