Y. V. CHANDRACHUD, R. S. PATHAK, SABYASACHI MUKHARJEE
K. L. Tripathi – Appellant
Versus
State Bank Of India – Respondent
JUDGMENT
SABYASACHI MUKHARJI, J. :—Shri K. L. Tripathi, the appellant herein joined the State Bank of India in 1955. At the relevant time, he was working as Branch Manager, State Bank of India, Deoria.
2. Certain complaints were received about his conduct from Gorakhpur Branch Manager, Shri R. S. Kapoor, Staff Officer Grade II, who reported to the Head Office on 5th May, 1974 that, from the informations given to him by some members of the staff of Deoria Branch, namely, Shri M. R. Sharma, Head Clerk, M. S. Gupta, Field Officer and from other enquiries made by him he found that the bills negotiated by the Gorakhpur Branch under a Revolving Letter of Credit No. 20/1 dated 21st March, 1974 established by the Deoria Branch an Gorakhpur Branch for Rs. 2 lakhs at a time subject to a maximum of Rupees 17 lakhs had remained unpaid to the extent of Rs. 12 lakhs and that the openers of the Letter of Credit, M/s. Jamuna Prasad Munni Lal Jaiswal, Deoria were unable to meet their obligations. In the same letter, he also informed that Deoria Branch had opened another Revolving Letter of Credit No. 20/2 dated 3rd April, 1974 for Rs. 50,000 /- per day subject to a maximum of Rs. 10 lakhs and that b
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.