Supreme Court of India · 2020-05-06
PUNJAB NATIONAL BANK vs ATMANAND SINGH
- Citation / case number
- SC 2017/10293
- Court
- Supreme Court of India
- Petitioner
- PUNJAB NATIONAL BANK
- Respondent
- ATMANAND SINGH
- Author
- HON'BLE MR. JUSTICE A.M. KHANWILKAR
- Bench
- HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE A.M. KHANWILKAR
Judgment text excerpt
The Supreme Court upheld the High Court's decision to direct the Punjab National Bank to pay the writ petitioner's lawful claims as per the agreement dated 27.5.1990. The Court found that the Bank had improperly transferred funds from the writ petitioner's savings account to the loan account without authorization, violating principles of contract and banking regulations. The Court emphasized the need for banks to adhere to contractual obligations and protect customers' rights, affirming the High Court's order for compliance.