Punjab National Bank Settles Dispute with Shiva Group

Authority: Supreme Court (Special Lok Adalat)

Order Date: 22-08-2026

Case Overview

• Parties: Punjab National Bank & ors (appellant) vs M/s Shiva Group of Industries (respondent).
• The matter was heard as Civil Appeal No.9436/2019 before the Special Lok Adalat of the Supreme Court.
• Settlement deed dated 01 September 2025, digitally signed by Arjun Bisht on 25 August 2026 at 17:43:16 IST (signature not verified).
• Settlement instructions were conveyed by Mr. Ashok Chandra, MD & CEO, Punjab National Bank, and Ms. Neeru Saldi, AGM‑Legal, Punjab National Bank.
• Counsel for the appellant included Ms. Arti Singh (AOR), Mr. Aakashdeep Singh Roda, Ms. Pooja Singh, and Mr. B P Singh.

Final Outcome

• The appeal was disposed of in terms of the settlement; the dispute is concluded as per the settlement deed.

Topics: Legal Settlement, Bank‑Industrial Dispute