PUNJAB & SIND BANK vs DEBTS RECOVERY APPELLEATE TRIBU. .

The Supreme Court addressed the appeal by Punjab & Sind Bank against the High Court's judgment which upheld the Debt Recovery Appellate Tribunal's order deleting respondent No.2 as a guarantor. The Court found an apparent error in the High Court's assumption that a fresh guarantee had been executed substituting respondent No.2. The Court permitted the appellant to file a review application within a month, ensuring it would not be dismissed on grounds of limitation, and clarified that respondent No.2 could raise all available contentions in the review process.