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RAM SURAT RAM MAURYA, BHARATKUMAR PANDYA
Public Health Foundation of India (Through Mr. J. N. Chawdhary) – Appellant
Versus
Central Bank of India – Respondent
JUDGMENT
Heard Mr. Pallav Shishodia, Sr. Advocate, assisted by Mr. Saurabh Seth, Advocate, for the complainant and Mr. O.P. Gaggar, Advocate, for the OPs.
2. Public Health Foundation of India has filed above complaint for directing Central Bank of India to (i) refund Rs.25 crores, with interest as payable on maturity of the FDRs (ii) grant interest @18% per annum, from the date of maturity of the FDRs till the date of refund; (iii) pay Rs.5 crores, as compensation for loss to the projects, undertaken in public interest and could not be completed due to lack of fund and for harassment; (iv) pay Rs.50 lacs, as litigation costs incurred by the complainant to recover its amount; and (v) any other relief which is deemed fit and proper in the facts of the case.
3. The complainant stated that Public Health Foundation of India (for short the PHFI) was a society, registered on 08.02.2006 under the Societies Registration Act, 1860 and formed with object to establish new institutes of public health, assist existing institutes for enhancing their capacity and output, promote research in prioritized area of public health etc. It is an initiative that has collaboratively evolved through consultatio
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