Sivpuri Guna Kshetriya Gramin Bank vs M/S Saksham Traders on 21 April, 2016
In the case of Punjab
and Sind Bank Gwalior (supra), the debtor had handed
over possession of factory premises to the bank, as it
was unable to pay its due. The trial court decreed the
suit, however the trial court did not grant interest in
respect of the property which was handed over to the
bank. The bank, therefore, filed the suit. In this context,
an observation was made in concluding paragraph that
since goods were kept at the disposal of the bank, it
should have proceeded to sell the same and realise the
proceeds.