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The Bijnor Urban Cooperative Bank ... vs Meenal Agarwal on 15 December, 2021

17. Though the decision of this Court in Meenal Agarwal [Bijnor Urban Coop. Bank Ltd. v. Meenal Agarwal, (2023) 2 SCC 805 : 2021 SCC OnLine SC 1255] was specifically pressed in service on behalf of the Bank and was pointed out to the High Court, the High Court instead following the binding decision of this Court in Meenal Agarwal [Bijnor Urban Coop. Bank Ltd. v. Meenal Agarwal, (2023) 2 SCC 805 : 2021 SCC OnLine SC 1255] has not followed the same by observing that the earlier decision of this Court in Sardar Associates [Sardar Associates v. Punjab & Sind Bank, (2009) 8 SCC 257 : (2009) 3 SCC (Civ) 350] is more elaborate. We do not approve such an observation by the High Court and not following the subsequent binding decision of this Court which as such was on the point.
Supreme Court of India Cites 4 - Cited by 134 - M R Shah - Full Document

M/S Sardar Associates & Ors vs Punjab & Sind Bank & Ors on 31 July, 2009

In Sardar Associates [Sardar Associates v. Punjab & Sind Bank, (2009) 8 SCC 257 : (2009) 3 SCC (Civ) 350] it was found that the Bank deviated from the OTS guidelines issued by Reserve Bank of India and therefore this Hon'ble Court held that the RBI Guidelines are binding on the Bank and that the Bank shall deal with the case of the borrower under the RBI Guidelines on OTS. Therefore, even otherwise on facts the said decision was not applicable at all.
Supreme Court of India Cites 30 - Cited by 165 - S B Sinha - Full Document
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