MANAGING DIRECTOR, U.P. RAJYA SAHAKARI KRISHI EVAM GRAMYA VIKAS BANK LTD vs SUBHASH CHANDRA AWASTHI

The Supreme Court held that the appellants are required to pay Rs.75,000 as just compensation to Respondent No.1, as per the principles established in Assistant Engineer, Rajasthan Development Corporation & Anr. Vs. Gitam Singh (2013) 5 SCC 136. The Court directed that the amount be paid via an 'Account Payee Cheque' within two weeks, and if Respondent No.1 accepts this amount, it will settle all claims against the appellants. The previous order was set aside, and the appeal was allowed without costs.