https://www.taxtmi.com/caselaws?id=183858 The Supreme Court clarified that the Punjab National Bank was not liable to pay interest on funds deposited in a cash credit account as per a court order. The court upheld that the original order specified depositing the amount in a cash credit account without indicating interest. Despite a subsequent order directing interest payment, issued without the bank's involvement, the court ruled in favor of the bank, absolving it from paying interest. The judgment favored the bank's interpretation of the original court order and dismissed claims for interest payment on the deposited amount. en-us Tue, 08 Aug 1989 00:00:00 +0530 Thu, 23 Jun 2016 14:25:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183858 The Supreme Court clarified that the Punjab National Bank was not liable to pay interest on funds deposited in a cash credit account as per a court order. The court upheld that the original order specified depositing the amount in a cash credit account without indicating interest. Despite a subsequent order directing interest payment, issued without the bank's involvement, the court ruled in favor of the bank, absolving it from paying interest. The judgment favored the bank's interpretation of the original court order and dismissed claims for interest payment on the deposited amount. Case-Laws Indian Laws Tue, 08 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183858