Punjab National Bank vs. Satinder Kapur: Settlement Resolves Legal Dispute

The case between Punjab National Bank and Satinder Kapur & Anr. was brought before the Supreme Court of India, arising from a civil appellate jurisdiction dispute. The appeal, identified as Civil Appeal No(s). 3336-3337/2018, stemmed from prior proceedings in the Delhi High Court. The appellant, Punjab National Bank, contested the judgments and orders issued on 20.03.2013 and 27.11.2015 in Review Petition No. 245/2013.

During the pendency of the appeal before the Supreme Court, the parties engaged in discussions and successfully reached a settlement. A Deed of Settlement was executed and duly submitted to the court as part of the record.

Key Arguments

Petitioner’s Argument

The appellant, Punjab National Bank, contended that the orders of the High Court were incorrect and sought relief from the Supreme Court. The bank presented legal and factual grounds to challenge the High Court’s decisions, emphasizing the need for judicial intervention.

Respondent’s Argument

On the other hand, the respondents, Satinder Kapur and another party, defended the High Court’s ruling and opposed the bank’s appeal. They maintained that the decision was in accordance with legal principles and should be upheld.

Supreme Court’s Judgment

The Supreme Court, comprising Justices Kurian Joseph, Mohan M. Shantanagoudar, and Navin Sinha, noted that the parties had settled their dispute amicably. The court acknowledged the Deed of Settlement and ordered that its terms shall form part of the judgment.

The court disposed of the appeals in accordance with the settlement and instructed both parties to strictly adhere to its terms. Additionally, it ruled that any pending applications related to the case stood disposed of. No order was made regarding costs.

Conclusion

This judgment highlights the significance of dispute resolution through settlement. The Supreme Court’s endorsement of the settlement reflects a pragmatic approach to resolving legal disputes without prolonged litigation.

Petitioner Name: Punjab National Bank
Respondent Name: Satinder Kapur & Anr.
Judgment By: Justice Kurian Joseph, Justice Mohan M. Shantanagoudar, Justice Navin Sinha
Place Of Incident: Delhi
Judgment Date: 27-03-2018

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