PUNJAB NATIONAL BANK vs K.K. SHARMA (D) BY LRS. — C.A. No. 8115/2003

Summary: The Supreme Court granted leave and allowed Punjab National Bank's appeal against the High Court's dismissal of its delay condonation application. The Court condoned the delay in substituting the legal representatives of the deceased defendant (K.K. Sharma) under Order 22 Rule 4 CPC, citing public interest and the substantial amounts allegedly defalcated by the deceased. The Court imposed Rs. 10,000 costs payable within four weeks and directed restoration of the suit proceedings for further adjudication in accordance with law. This case analysis is maintained by casestatus.in based on publicly available court records.