Atibir Industries-PNB Settlement Unreached, Case Returned

Authority: Supreme Court Special Lok Adalat

Order Date: 23-08-2026

Case Overview

• Petition for Special Leave to Appeal (C) No. 15829/2025 filed by Atibir Industries Co. Ltd (Petitioner) against Punjab National Bank (Respondent).
• Proceedings conducted before the Supreme Court Special Lok Adalat, with Justices S.V.N. Bhatti, N.V. Anjaria, and Anitha Shenoy presiding.
• Counsel for the petitioner: Ms. Rashmi Singh (Advocate on Record). Counsel for the respondent: Mr. M. Paramasivam, Sr. Adv., Ms. Ekta Choudhary, Ms. Rushali Sikand, and Mr. Ashwini Kumar Singh (Advocates on Record).
• The matter involved attempts at settlement between the two parties, as indicated by the multiple IA numbers (258861/2025, 171762/2025, 269132/2025) relating to appropriate orders, clarification, and modification of court order.

Final Outcome

• The Court observed that a settlement had not been reached between Atibir Industries Co. Ltd and Punjab National Bank.
• Consequently, the matter was returned to the Registry for listing before the Court at a later date.
• No further substantive directions, penalties, or judgments were issued in this order.

Topics: Banking Dispute, Legal Procedure