India Automobiles Receives Rs309.72L from PNB

Authority: Calcutta High Court

Order Date: 28 August 2026

Case Overview

• Parties: India Automobiles 1960 Private Limited (plaintiff) vs Punjab National Bank (defendant).
• Suit No.: CS/246/2012, filed in ordinary original civil jurisdiction of the Calcutta High Court.
• Plaintiff asserted receipt of a demand draft for Rs.3,09,72,193 drawn on PNB (DD No. 863665, branch serial No. 0267/2026) as evidenced by a communication dated 5 May 2026.
• A grievance regarding mesne profit in favour of the plaintiff was raised and subsequently sub‑served.
• No further disputes were reported by the parties.

Final Outcome

• The Court disposed of the suit and directed that a decree be drawn accordingly.
• The plaintiff’s receipt of Rs.3,09,72,193 via the demand draft is affirmed, and the mesne profit grievance is resolved, leaving no outstanding issues.

Topics: Banking, Corporate Litigation