COMMNR., SANCHAITA INVESTMENTS vs PUNJAB NATIONAL BANK . — C.A. No. 2400/2001

Case under Section XVI. Status: Disposed.

Disposed

CNR: SCIN010121522000

Filing Date

24-Jul-2000

Registration No

C.A. No. 2400/2001

Diary Number

12152/2000

Order Date

27-Mar-2001

Document Type

ROP - of Main Case

Disposal Type

Dismissed

Last updated 05-Jun-2026

Acts & Sections

Section XVI

Petitioner(s)

  1. 1.COMMNR., SANCHAITA INVESTMENTS

Respondent(s)

  1. 1.PUNJAB NATIONAL BANK .

Case History

  1. Case disposedDisposed

  2. 27-Mar-2001

    ROP - of Main CaseView PDF

  3. 24-Jul-2000

    Case filed

    Registration No. C.A. No. 2400/2001

View Full Judgment
casestatus.in Summary

Summary: The Supreme Court heard two special leave petitions filed by Commissioner, Sanchaita Investments against Punjab National Bank. While affirming the High Court's finding that the Bank validly advanced Rs. 26,50,000 through overdraft facility, the Court set aside the Division Bench's direction for preferential disbursement to the Bank within three months. The Court remitted the matter to the High Court to determine whether the Bank, as an unsecured creditor, has any preferential claim over other unsecured creditors, pending which the Rs. 26,50,000 shall remain in fixed deposit. This case analysis is maintained by casestatus.in based on publicly available court records.

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