Authority: Supreme Court of India
Order Date: 07-09-2026
Case Overview
- Petition for Special Leave to Appeal (C) No.30690/2026 filed by Uttar Pradesh Gramin Bank against Ram Shabad Ram, arising from the impugned final judgment and order dated 22-07-2026 in WRITC No.24394/2026 passed by the High Court of Judicature at Allahabad.
- The respondent appeared on caveat and, through senior counsel, offered to furnish a bank guarantee covering the amount to be received from the petitioner‑Bank together with 6% interest calculated for the next three years.
- Learned counsel for the petitioner and senior counsel for the respondent were heard before Hon’ble Mr. Justice Ahsanuddin Amanullah and Hon’ble Mr. Justice Manmohan.
Final Outcome
- The Special Leave Petition stands disposed of.
- The petitioner‑Bank shall release the amount only upon receipt of the bank guarantee from the respondent on the terms specified (including 6% interest for three years).
- Any pending applications, if any, are also ordered to stand disposed of.
Topics: Bank Guarantee, Legal Dispute