SOUMEN SEN, RAVI KRISHAN KAPUR
Uco Bank – Appellant
Versus
West Bengal Infrastructure Development Finance Corporation Ltd. – Respondent
JUDGMENT :
Ravi Krishan Kapur, J.
1. The facts of this case are abominable, shocking and scandalous.
2. This is an appeal preferred against an order dated 24.11.2016 passed in an application under Chapter XIII A of the Original Side Rules of this High Court which provides for summary judgments in suits for recovery of a debt or a liquidated demand.
3. The suit is for recovery of money had and received. The cause of action in the plaint is based on two fixed deposits made with the Circus Avenue Branch of the appellant bank for the value of Rs.59 and 61 crores dated 30.08.2012 and 10.01.2013 respectively.
4. The plaintiff is a registered non-banking financial company wholly owned by the Government of West Bengal, primarily involved in providing loans for infrastructure projects in the State of West Bengal. It is alleged in the plaint and the application that the plaintiff had a long-standing relationship with the appellant bank and has maintained various term deposits in different branches of the appellant bank including the said branch. In 2005, an aggregate term deposit of Rs.278 cr
B v Nugent Care Society (2009) EWCA Civ 827; (2010)1 WLR 516
Gopal Chandra Mukherjee vs. Food Corporation of India [AIR 2017 Cal 110
IDBI Trusteeship Services Limited vs. Hubtown Limited (2017) 1 SCC 568
Mahabir Prasad Bubna v. United Bank of India (AIR 1992 CAL 270)
Mechelec Engineers & Manufacturers vs. Basic Equipment Corporation (1976) 4 SCC 687
Milkhiram (India) (P) Ltd. v. Chamanlal Bros.
Stone & Rolls Ltd. Vs. Moore Stephens [2009] UKHL 39: 2009 (1) A.C. 1391
State Bank of Sourashtra vs. A. Shipping Pvt. Ltd & Another reported in (2002) 4 SCC 736
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