Punjab National Bank v. M/S Gyamtso Regency Hotel And Anr.
Case brief
What is this about?
The Tribunal reported that the applicant bank had declared the loan account NPA. However, the applicant submitted that the entire dues had been deposited by the borrowers. The court held that continuance of the proceedings served no purpose and disposed of the case accordingly.
What did the court decide?
Proceedings disposed of on the submission that the entire dues have been deposited by the borrowers.