Kolkata Court April 2017 Judgments

M/S. Kesoram Industries Limited Vs. Allahabad Bank

Court: Kolkata

IN THE HIGH COURT AT CALCUTTA ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL SIDE Present: The Honble Justice Shivakant Prasad CS175of 2010 M/S.Kesoram Industries Limited Versus Allahabad Bank For the Plaintiff : Ms.Asha Gourisaria Gutgutia, Adv.Ms.Sayantani Shaw Samanta, Adv.Ms.Poulami Dutta Misra, Adv.For the defendant : Mr.Arindam Mukherjee, Adv.Mr.Rajat Kanti Jha, Adv.C.A.V.on : 28.02.2017 Judgment on : 03.04.2017 This is a suit for declaration and injunction. The plaintiffs case, in brief, is that the plaintiff is a company incorporated under the Companies Act and carries on business, inter alia, in retail sale of fabrics and other iteMs.The defendant is a nationalized bank and carries on banking business. Plaintiff issued Refund Warrants to its customers and the customers could encash and obtain refund which the plaintiff agreed to pay to them within six months of the date of issuance thereof and made arrangement with the defendant bank and on 14.1.1984 opened with the Stephen Hou...