Zonal Manager, Central Bank Of India vs M/S. Devi Ispat Ltd & Ors

The Supreme Court upheld the High Court's decision directing the appellant-Bank to return the title deeds deposited by M/s Devi Ispat Ltd. The Court found that the appellant-Bank's refusal to return the documents was unjustified, as the respondent-Company had settled its dues with the State Bank of India. The judgment emphasized the importance of adhering to contractual obligations and the necessity for banks to act in good faith, particularly under the provisions of the Indian Contract Act, 1872.