PUNJAB NATIONAL BANK vs K.R. STEEL UNION LTD. . — C.A. No. 7784/1997
Case under Section XVI. Status: Disposed.
CNR: SCIN010175361997
Filing Date
14-Oct-1997
Registration No
C.A. No. 7784/1997
Diary Number
17536/1997
Order Date
17-Mar-2004
Document Type
ROP - of Main Case
Disposal Type
Dismissed
Last updated 10-Jun-2026
Acts & Sections
Petitioner(s)
-
1.PUNJAB NATIONAL BANK
Adv. MANIK KARANJAWALA
Respondent(s)
-
1.K.R. STEEL UNION LTD. .
Case History
Summary: Punjab National Bank v. K.R. Steel Union Ltd., C.A. No. 7784/1997 The Supreme Court allowed Punjab National Bank's appeal and set aside the Calcutta High Court's order initiating contempt proceedings against the bank's Chief General Manager. The Court held that the bank's filing of a suit to recover dues before Bombay High Court did not violate the interim order dated June 23, 1995, as the action was taken in good faith with approval of the Appellate Authority (BIFR). The transfer petition was dismissed as infructuous; no costs awarded. This case analysis is maintained by casestatus.in based on publicly available court records.
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