MANU/SC/0003/1968

IN THE SUPREME COURT OF INDIA

Decided On: 04.03.1968

Appellants: United Commercial Bank Ltd.
Vs.
Respondent: Okara Grain Buyers Syndicate Ltd. and Anr.

JUDGMENT

Shah, J.

1. This appeal is filed with certificate granted by the High Court of Punjab.

2. The Okara Grain Buyers Syndicate Ltd. - hereinafter called 'the Syndicate' - was incorporated under the Indian Companies Act, 1913, with its registered officer at Okara, District Montgomery in the undivided Punjab. In 1946 the Government of undivided Punjab devised a scheme for procurement of foodgrains and appointed the Syndicate to buy foodgrains on its

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