Authority: Supreme Court of India
Order Date: 23-09-2026
Case Overview
- Petitioners: Pensioners Association of Cooperative Agricultural Development Bank, represented through Finance Secretary FAQIR CHAND.
- Respondents: Mr. Suresh Kumar Goyal, Chairman, Board of Directors, The Punjab State Cooperative Agricultural Development Bank, and others.
- Case Numbers: Contempt Petition (C) Nos. 1143‑1144/2023 filed in Civil Appeal Nos. 297‑298/2022; multiple Interlocutory Applications (IA No. 235078/2023, IA No. 155301/2026, IA No. 316519/2025, IA No. 150331/2026, IA No. 120417/2026, IA No. 10112/2026) seeking exemptions and permission to file additional documents.
- Hearing Date: 23 September 2026.
- Bench (Coram): Hon’ble Mr. Justice Vikram Nath, Hon’ble Mr. Justice Augustine George Masih, Hon’ble Mr. Justice Sandeep Mehta.
- Counsel for Petitioners: Mr. Paramjit Singh Patwalia (Senior Advocate), Mrs. Harshika Verma, Ms. Deveshi Chand, Mr. Archit Upadhayay (AOR).
- Counsel for Respondents: Mr. Gurminder Singh (Senior Advocate), Mr. Sudhir Walia, Ms. Niharika Ahluwalia, Mr. R. P. S. Bara (AOR).
Order
- The Court directed that the contempt petitions be listed again on 2 November 2026.
- On that date, Mr. Amarjit Singh, Administrator of The Punjab State Cooperative Agricultural Development Bank, shall appear before the Court with an affidavit detailing the mode and time of payment of arrears owed to the petitioner.
- The respondent bank is instructed to continue complying with the directions previously issued by the Supreme Court until the affidavit is filed.
- The order was recorded by Assistant Registrar‑cum‑PS (Sonia Bhasin) and Assistant Registrar (Ranjana Shailey).
Final Outcome
The Supreme Court set a further hearing for 2 November 2026, mandated the bank’s Administrator to submit a detailed affidavit on arrears payment, and reiterated that the bank must maintain compliance with earlier court directions pending that submission.
Topics: Court Order, Banking Compliance, Contempt Proceedings