Punjab & Sind Bank vs Debts Recovery Appelleate Tribu. & Ors

The Supreme Court addressed the appeal by the appellant-bank against the High Court's decision regarding the deletion of a guarantor from a recovery application. The Court found that the High Court had erred in assuming that a new guarantee had been executed substituting the original guarantor, as the bank contended that no such guarantee existed. The Court permitted the appellant to file a review application before the High Court, ensuring that any such application would not be dismissed on the grounds of limitation, thereby allowing the appellant to rectify the perceived errors in the High Court's judgment.