PUNJAB NATIONAL BANK vs JAI PRAKASH NARAYAN .@ JAI PRAKASH NARAIN — C.A. No. 4122/2009

CASE SUMMARY: C.A. No. 004122/2009 – Punjab National Bank v. Jai Prakash Narayan The Supreme Court dismissed Punjab National Bank's appeal on May 19, 2023. PNB had complied with an earlier judgment by paying Jai Prakash Narayan, leaving only the question of whether PNB could recover the amount from State Bank of India due to alleged fraudulent cheque encashment. The Court held this inter-bank dispute requires adjudication in a separate civil suit under the Negotiable Instruments Act, 1882, not under the MRTP Act framework. The Court permitted PNB to initiate recovery proceedings against SBI with all legal pleas remaining open. This case analysis is maintained by casestatus.in based on publicly available court records.