P. JAMES KARUNAKARAN vs ASSISTANT GENERAL MANAGER, STATE OF BANK OF INDIA, ZONAL OFFICE MADURAI

The Supreme Court, exercising its jurisdiction under Article 142 of the Constitution of India, directed the State Bank of India to pay Rs. 2,00,000/- to the appellant as full and final settlement of claims arising from a delayed implementation of an award from 2005. The Court acknowledged the absence of a specific direction for interest in the award but emphasized the need for resolution given the six-year delay. The appeal was disposed of without setting a precedent, as it was based on the unique circumstances of the case.