STANDARD CHARTERED GRINDLAYS BANK LTD. vs NATIONAL HOUSING BANK — C.A. No. 3112/1998

Summary: C.A. No. 3112/1998 On 17 January 2002, the Supreme Court disposed of the appeal between Standard Chartered Grindlays Bank and National Housing Bank based on a settlement agreed by both parties. The Court directed the State Bank of India to pay Rs. 620,43,80,152.50 to Standard Chartered Grindlays Bank and Rs. 1025,43,80,152.50 to National Housing Bank by 19 January 2002, with specific tax treatment provisions under the Income Tax Act. The original F.D.R. was to be discharged and sent to State Bank of India by the Registrar. This case analysis is maintained by casestatus.in based on publicly available court records.