Punjab National Bank v. Po, Central Government Indust. Trib. Cum L.C&ANR
!
"
#$
!
"
#$
!
"
#$
!
"
#$
!"
#
!"
#
!"
#
!"
# %&'() (*+&(, (&-*./%0.+*1 2&+/"(&(02/ 23(/*42&*#+/5,2 +52#%6.+(&(
2*+*+&2/ 2/1%1 /21+6+&0 +52/#2&*/(,72/&42&*&6%1*/+(, /+)%&(,85%48()%/%/*#.(&6+0(/.(&6(&*.2/
213&62&*1 "!8
"
"!8
"
"!8
"
"!8
"
/212&*!
/212&*!
/212&*!
/212&*!
"/ (&*1.:%4(/ .(/4(# 675(*2 /*.232*+*+&2/ "/ "(6(&".(&"+**(,# 675(*2 //213&62&* 8;/-4(& <=<=<= <=<=<= <=<=<= <=<=<=
#
#
#
# %&'() (*+&(, (&- .(1 +&1*+*%*26 *.2 +&1*(&* ;/+* 32*+*+&6+/25*26(0(+&1**.2(;(/66(*26 # &&2>%/2 #3(1126)?*.2 /21+6+&0 +52/#2&*/(,72/&42&*&6%1*/+(, /+)%&(,85%48()%/%/*#.(&6+0(/.;.2/2)?#;.+,2(&1;2/+&0 *.2/22/2&52#*.23%&+1.42&*6+14+11(,/412/7+52+43126 %3& ;/-4(&8/213&62&* .(1 )22& 1%)1*+*%*26 ;+*. ( 3%&+1.42&*1*33(02*;+&5/242&*1;+*.5%4%,(*+72225* (&6 (1 1%5.# *.2 ;/-4(& .(1 )22& .2,6 2&*+*,26 *
/2+&1*(*242&*;+*.5&*+&%+*?12/7+52(&6%,,)(5-;(021
/+2(5*14(?)2&*+526 213&62&* 8;/-4(&;(1#+&+*+(,,?#243,?26)?
*.232*+*+&2/8 (&-(1%&4(&@%(/6+&*.2?2(/A 2;(1 1%)12B%2&*,? 3/4*26 (1 (1.+2/85%486;& :2232/ /-4(& ;(1 3,(526 %&62/ 1%132&1+& & A (&6 *.2/2(*2/;(112/726;+*.(5.(/021.22*6(*26 &*.2 (,,20(*+& *.(* ;.+,2 ;/-+&0 (1 11+1*(&* (1.+2/ (* /(&5.
+52#:.(&&(& #.2/252+726(1%4C#@8/4 &2 ./+(4 (?(,/6231+*+&1(7+&0%&6 55%&* D# ?2**.2;/-4(&4(622&*/?C@8&,?+&*.2 (&-(55%&*1 (&6(11%5.#(,,2026,?4+18(33/3/+(*26*.2/24(+&+&01%4 C#D@8 .2/23,?1%)4+**26)?*.2;/-4(&**.25.(/02 1.22* .(7+&0 )22& %&6 %&1(*+1(5*/?# /20%,(/ 623(/*42&*(, 3/5226+&01;2/2+&+*+(*26 +&6+&01.(7+&0)22&/25/626)?*.2
+52/(0(+&1**.2;/-4(.;5(%12&*+526(*26 ;(1 12/726 5&*243,(*+&0 *.2 +431+*+& 4('/ 32&(,*?6+14+11(,/412/7+52 .2432*2&* %*./+*?(*2/ (/6+&0 * *.2 ;/-4(& (& 33/*%&+*? 32/1&(, .2(/+&0 3(1126/62/6(*26 6+/25*+&06+14+11(,/412/7+52 /-4(&8/213&62&* .(7+&0 /(+126 (& +&6%1*/+(, 6+13%*2# *.2+43%0&26(;(/66(*26 .(1)22&3(1126;.2/2)?
+&2>2/5+12+*16+15/2*+&%&62/ 25*+&8 *.2&6%1*/+(,
+13%*21 5*# $A E/ 1./* 9*.2 5*9F# *.2 3%&+1.42&* 6+14+11(, .(1 )22& 1%)1*+*%*26 ;+*. *.(* 1*33(02 *; +&5/242&*1;+*.5%4%,(*+72225*(&6*.2;/-4(&.(1)22& .2,62&*+*,26*/2+&1*(*242&*;+*.5&*+&%+*?12/7+52(&6%,,
)(5-;(021 $ (7+&0.2(/6,2(/&265%&12,/*.23(/*+21(*,2&0*. (&6%3&32/%1+&0*.23,2(6+&01&/25/6#*.+1%/*+1*.2 5&1+62/267+2;*.(**.2+43%0&26(;(/65(&&*1%1*(+& .2/22/2&524(62**.2()%/%/*;(1+&*.2 ,,;+&0*2/41!
G.2*.2/ *.2 (5*+& *.2 4(&(0242&* %&'()
(*+&(, (&-# %6.+(&( +& 6+14+11+&0 ./+ %/;(&* +&0.# >8 11** (1.+2//412/7+52;
/4*.2 %&'() (*+&(, (&-# /(&5.:.(&&(&*.2 (,,20(*+&4+1(33/3/+(*+&C#D@8+1+,,20(,(&6 %&'%1*++26H1#;.(*/2,+2*.25&52/&26;/-4(& +12&*+*,26*(&6/4;.+5.6(*2HI 2/%1(,*.2+43%0&26(;(/6;%,6/272(,*.(**.2 ()%/ %/* .(1 /25/626 ( +&6+&0 *.(* *.2 &B%+/? +52/ (33+&*26 )? *.2 (&- * 0 +&* *.2 5.(/02 (,,2026 4+18 (33/3/+(*+& C#D@8 )? *.2 ;/-4(& ;.+,2 12/7+&0 (1
11+1*(&*(1.+2/.(6(63*26(/2(1&(),2(&6(+/3/526%/2/ 5&6%5*+&0 *.2 2&B%+/? (&6 .(6 (,1 (/626 272/? 311+),2 33/*%&+*?)2+&0.2(/6*)*.*.23(/*+21 ,2(/,?#+&*2/41*.2/22/2&524(62#*.2()%/ %/*.(7+&0.2,6*.22&B%+/?5&6%5*26(0(+&1**.2;/-4(&* )2 (+/ (&6 3/32/ 32/*(+&+&0 * *.2 (,,20(*+& 4+18 (33/3/+(*+&C#D@8(&6*.2+&6+&01*.2 +52/ .(7+&0)22&/2*%/&26(0(+&1**.2243,?22#*.2+11%2(,,+&0/ 5&1+62/(*+&;(1(1*;.2*.2/*.2(5*+&*.2"(&(0242&*8
(&-+&+431+&0*.22>*/24232&(,*?6+14+11(,;(17(,+6(&6
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
+52/;(1&*'%1*++26)?/62/+&0*.(**.2 4+1(33/3/+(*+&(4%&*+13/726 .212(/2*.2 32/72/12+&6+&01;.+5.(/2,+(),2*12*(1+62(&6(/2 1%)1*+*%*26;+*.*.2+&6+&0*.(*+*;(1(4+1*(-2& *.23(/* *.2;/-4(& (&6 .21.%,6 .(72)22& 3%&+1.26 &,? / 1%5. 4+1*(-2 (&6 &* / *.2 4+1(33/3/+(*+&*.2(4%&*%&62/*.23/7+1+&1 )+3(/*+*212**,242&*/4+&/3%&+1.42&*1 I &52626,?# /20%,(/ 623(/*42&*(, 3/5226+&01 ;2/2 +&+*+(*26 (0(+&1* *.2 /213&62&*8;/-4(& .(7+&0 /252+726 C#@8/4(5,+2&*/6231+*+&(1(7+&0)(&-(55%&*(&6 &,?C@8;2/22&*2/26(&6/2,25*26+&*.2/2,27(&*(55%&* )-1 (&6 *.2 )(,(&52 C#D@8 ;(1 1*(*26 * .(72 )22& 35-2*26 *+11%5.(/*+5,25.(/02;.+5.;(11%)'25*4(**2/ 2&B%+/?(&6+&6+&01;2/2/2*%/&26(0(+&1**.2;/-4(& .2
()%/ %/* .(7+&0 /25/626 ( +&6+&0 (&6 .(7+&0 .2,6 *.2 2&B%+/?*)2(+/(&63/32/5%,6&*.(7272&*%/26/*.+&( 4(&&2/1(1*15(,26;&*.20/(7+*?4+185&6%5*)?*2/4+&0 *.21(42*)2&*4+1(33/3/+(*+&)%*&,?()&(+624+1*(-2 (&6*.2/2)?*4(-2%*(5(12/2>2/5+126+15/2*+&%&62/ 25*+&8 *.2 5*1(1*1%)1*+*%*2*.232&(,*?6+14+11(, ;+*.(,2112/3%&+1.42&*
3(/* /4 .,6+&0 *.(* *.2 ()%/ %/* .(1 0&2 )2?&6 *.2 *2/41 /22/2&52# 272& *.2 +&6+&0 /25/626 (1 /20(/61 +* &* )2+&0 ( 5(12 4+18(33/3/+(*+& )%* &,? ( 4+1*(-2 & *.2 3(/* *.2 ;/-4(& +1 ;.,,? ;.+41+5(, & /2,(*+&**.2(,,20(*+&.(7+&05,,25*26C#@8/4(5,+2&* (&6.(7+&0/2,25*26&,?C@8+&*.2 (&-(55%&*1#*.2()%/ %/*.(1)12/726!
G.2/2+14+18;/+*+&0+&,&0)-&,?
&/21**.2 65%42&*1#(,,*.22&*/+21(/25//25* I
/22/2&52.(1)22&4(62)?*.2()%/%/** (&? 65%42&*1 *.(* 4(? .(72 )22& (66%526 +& 27+62&52 +& 1%33/*1%5.)12/7(*+& 72&6%/+&0*.25%/12.2(/+&0 )2/2*.+1%/*#(1325++5B%2/?;(13%**,2(/&265%&12, (332(/+&0 / /213&62&* 8;/-4(& ;. .(1 72/? (+/,?
5&52626*.(**.2/2;(1&1%5.27+62&52&/25/6 .215322>2/5+123;2/%&62/ 25*+&8 *.2 5*;(15&1+62/26)?*.2&9),2 %3/242%/*&6+(+&
(6.2(&6*.2/17 "
%'(/(* 4)%'(242&* 7* *6 #
(6.2(&6*.2/17 "
%'(/(* 4)%'(242&* 7* *6 #
(6.2(&6*.2/17 "
%'(/(* 4)%'(242&* 7* *6 #
(6.2(&6*.2/17 "
%'(/(* 4)%'(242&* 7* *6 # EDF EJ FA EDF EJ FA EDF EJ FA EDF EJ FA(&6+*;(1.2,6(1,,;1! G*+1&*&25211(/?*0+&*+&62*(+,/20(/6+&0*.2
3;2/2>2/5+1(),2%&62/ 25*+&8 *.2 5* .2 3;2/%&62/1(+6 25*+&8 .(1*)22>2/5+126 '%6+5+%1,?(&6*.2&6%1*/+(,/+)%&(,/*.2()%/ %/*#(1*.25(124(?)2#+12>325*26*+&*2/2/2 ;+*.*.2625+1+&(4(&(0242&*%&62/ 25*+&8
*.2 5*&,?;.2&+*+11(*+1+26*.(*3%&+1.42&* +43126)?*.24(&(0242&*+1;.,,?(&61.5-+&0,? 6+13/3/*+&(*2**.2620/220%+,**.2;/-4(& 5&52/&26 1%33/* +*1 5&5,%1+&# *.2 &6%1*/+(, /+)%&(,/*.2()%/%/*#(1*.25(124(?)2#.(1 *0+72/2(1&1+&1%33/*+*1625+1+& .23;2/ .(1*)22>2/5+126'%6+5+%1,?(&642/2%12*.2 ;/61 K6+13/3/*+&(*2K/K0/11,?6+13/3/*+&(*2K )?+*12,;+,,&*)21%+5+2&* &/252&**+421#*.2/2+1(&+&5/2(1+&027+62&52 *.+1#32/.(31;2,,842(&*)%*;.,,?%&1%1*(+&(),2# *2&62&5?*;(/61(62&%6(*+&*.2,20+*+4(5? '%6+5+(,/2(1&+&0(&63/5211 .2/2,+210/(&*26)?
*.2 %/*1 4%1* )2 122& * )2 ,0+5(, (&6 *2&(),2 ;+*.+&*.2/(42;/-*.2,(;(&61.%,6&*+&5%/ (&6 '%1*+? *.2 5/+*+5+14 *.(* *.2 '%/+16+5*+& *.2 %/*1*2&61*6202&2/(*2+&*4+13,(5261?43(*.?# 02&2/1+*?(&63/+7(*2)2&27,2&52 *+12112&*+(,* 4(+&*(+& *.2 +&*20/+*? ,20(, /2(1&+&0 (&6 *.2 ,20+*+4(5? *.2 5&5,%1+&1 .2? 4%1* 24(&(*2 ,0+5(,,?/4*.2,20(,+&6+&01(&6*.2'%6+5+(,/21%,*1 4%1* )2 122& * )2 3/+&5+3,26 (&6 1%33/*(),2 &
*.12 +&6+&01 >3(&1+72 '%6+5+(, 46 4+1*(-2& (&6 4+13,(526 543(11+& (* *.2 2>32&12 *.2 ,20+*+4(5? *.2 3/5211 ;+,, 272&*%(,,? ,2(6 * 4%*%(,,? +//25&5+,(),2 1+*%(*+&1 (&6 62&%62 *.2 '%6+5+(,3/5211+*16+0&+*?#(%*./+*?#3/26+5*()+,+*? (&6/21325*()+,+*?
I $ &"(.+&6/((&6"(.+&6/(+4+*267
(/(;(62# "(.+&6/((&6"(.+&6/(+4+*267
(/(;(62# "(.+&6/((&6"(.+&6/(+4+*267
(/(;(62# "(.+&6/((&6"(.+&6/(+4+*267
(/(;(62# EF $ EF $ EF $ EF $#*.2 %3/242%/*.(1.2,6*.(**.2()%/ %/*5(&&*)?;(?1?43(*.?(,&22>2/5+12*.23;2/%&62/ 25*+&8 *.2 5*(&6/26%52*.23%&+1.42&*(;(/626)?
*.2243,?2//3/72&4+185&6%5* 22/2&52+&*.+1/20(/6 4(?(,1)24(62**.2625+1+&*.2 32>%/*+& *(*2 *(*2 *(*2 *(*2 (6/(&13/*/3/(*+&7 (&.2(,:%1.;(.(#E$F (6/(&13/*/3/(*+&7 (&.2(,:%1.;(.(#E$F (6/(&13/*/3/(*+&7 (&.2(,:%1.;(.(#E$F (6/(&13/*/3/(*+&7 (&.2(,:%1.;(.(#E$F .2 ()%/ %/* (3(/* /4 .(7+&0 2//26 +& 1%)1*+*%*+&0+*1;&+&6+&01;+*.*.(**.2 +52/(,1 2,,+&*2///;.+,2+&*2/2/+&0;+*.*.2B%(&*%43%&+1.42&* 0+&03%/2,?&543(11+&(&6)?)12/7+&0*.(*3%&+1.42&* 6+14+11(,+1*.225&4+562(*.(&243,?22;.+5.&*&,? (25*1.+4)%*(,1.+1(4+,?(&615+(,,+2 %5.(33/(5.;(1 5,2(/,?+432/4+11+),2+&,(;
.2;/-4(&;(1 ;/-+&0 & *.231* 11+1*(&* (1.+2/+&*.2 (&- 2;(162(,+&0;+*.3%),+5%&61 72&( 1,+*(/?+&1*(&5262(,5(*+&3%),+54&2?;%,6/21%,*+& ,11 5&+62&52 (&6 ;%,6 '%1*+? *.2 2>*/242 32&(,*? 6+14+11(,/412/7+52 A /*.2/2(1&1/25/626()72#*.2;/+*32*+*+&+1
(,,;26 43%0&26(;(/66(*26 (* &&2>%/2 +112* (1+62 D 2*+*+&(,,;26 E
F E
F E
F E
F "
# "
# "
# "
#
" " " "
*2!
*2!
*2!
*2!
.2*.2//22//26**.223/*2/HE 21@ F .2*.2//22//26**.223/*2/HE 21@ F .2*.2//22//26**.223/*2/HE 21@ F .2*.2//22//26**.223/*2/HE 21@ F