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SUPREME COURT OF INDIA

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PETITIONER:

PUNJAB NATIONAL BANK AND ORS.

Vs.

RESPONDENT:

SURENDRA PRASAD SINHA

DATE OF JUDGMENT20/04/1992

BENCH:

RAMASWAMY, K.

BENCH:

RAMASWAMY, K.

JEEVAN REDDY, B.P. (J)

CITATION:

1992 AIR 1815 1992 SCR (2) 528

1993 SCC Supl. (1) 499 JT 1992 (3) 46

1992 SCALE (1)926

ACT:

Limitation Act, 1963-Section 3-Whether bars the right

to which a remedy related-Right to enforce debt by judicial

process-Scope of-Time barred debt-Realisation of-Filing of

suit to recover debt-Creditor’s obligation.

Penal Code, 1860-Section 405-Action in terms of a

contract-Whether amounts to criminal breach of trust or

misappropriation-Creditor in possession of security-

Adjustment of debt due from security-Justification of.

Penal Code, 1860-Section 409, 109/114-Complaint

petition-Maintainability-Duty of Magistrate, indicated-

Accused to be legally responsible for the offences charged-

Magistrate’s satisfaction of prima facie case-Criminal

justice-Objects of.

HEADNOTE:

On 5.5.1984, the Bank-Appellant No.1, gave a loan of

RS.15,000 to one S.N. Dubey. The resp