Authority: Supreme Court of India
Order Date: 05-08-2026
Case Overview
- Petitioners: Punjab National Bank (PNB) and Punjab and National Bank.
- Respondent: National Small Industries Corporation Limited (NSIC).
- Miscellaneous Application No.2636/2025 filed in Civil Appeal No.3420/2020 seeking disbursal of the suitor's fund amount lying in the Court Registry.
- The matter was heard by Hon'ble Mr. Justice Augustine George Masih (in chamber) on 05-08-2026.
- The application sought direction on the release of the suitor's fund held by the Registry.
Order Details
1. The Court acknowledges the Miscellaneous Application and notes the request for disbursal of the suitor's fund.
2. If NSIC files an application for withdrawal of the suitor's fund within eight (08) weeks from the date of this order and the application is found to be in order, the amount shall be released in favour of NSIC after due verification of NSIC’s identity, without any further reference to the Court.
3. If NSIC fails to file such an application within the stipulated eight‑week period, the amount shall be automatically disbursed in favour of the Supreme Court Legal Services Committee.
4. The Court Registry is directed to communicate a copy of this order to all concerned parties forthwith.
5. The Miscellaneous Application stands disposed of.
Final Outcome
- The suitor's fund will be released to NSIC upon a timely withdrawal application; otherwise, it will be transferred to the Supreme Court Legal Services Committee, and the matter is now closed.
Topics: Legal Procedure, Banking