THE LAKSHMI VILAS BANK LTD. vs MADAN LAL KHANNA . — SLP(C) No. 6400/2005

Case Summary: Lakshmi Vilas Bank Ltd. v. Madan Lal Khanna (SLP(C) No. 6400/2005) On 19 February 2007, the Supreme Court heard the Special Leave Petition challenging the High Court's order of 3 March 2005. The Court upheld the High Court's decision requiring Lakshmi Vilas Bank to pay rent directly to respondent No. 2 instead of furnishing a bank guarantee, and directed the Bank to pay all outstanding rent due until 31 March 2005 within two months from the hearing date. The petitions were disposed of, with the payment obligation remaining subject to the final decision in the underlying High Court suit. This case analysis is maintained by casestatus.in based on publicly available court records.