M/S Cimplex Machine Tools Corporation v. Punjab Financial Corporation Ltd And ORS
!"##$%&%'(#)"#*+#,-. /&%*)0#1!$2%'#0&,),!"%'.*,%"&!, ))#00!'"
3#,&4&
4'5!+ %'!'$%!0,),!"%'6"7.2!'7%8!,2 "2#,& #&)'7#'"& !
"#$%& '( )* & *)+%,'(-.&
92#"2#, #),"#,&0$!0)!)#,&*!:+#!00;#7"&##"2#5478*#'"< +#,##,,#7""2# #),"#,&,'"< 92#"2#,"2#5478*#'"&2407+#,#),"#7%'"2#%8#&"<
,#&#'"( ,= #>2%.7?$!"#.
,"2#!))#00!'" @@@@@ *)+%,'
AB
,"2#,#!&'&&"!"#7%'"2#!))0%$!"%'.;2%$2%&&4)),"#7+: !'!%7!?%".7#0!:%'*!>%'87#%$%#'$:$4,"##&!&87%&$'7'#7 &"!'7&7%&) A-B 1#*)"%'8,!'"#7,*%0%'8$#,"%%#7$)%#&5478*#'"!'7 7#$,##7!"#7 -
!'7''#14,#&B "B &"!'7&7%&) ACB
,"2#,#!&'&&"!"#7%'"2#!))0%$!"%'.;2%$2%&&4)),"#7+:
!'!%7!?%".7#0!:-7!:&%'%0%'8"2#!))#!0%&$'7'#7 &"!'7&7%&)
2# !))#00!'"B)0!%'"% %0#7 ! &4%" , 7#$0!,!"%' !'7 *!'7!",: %'54'$"%' &##>%'8 %'7408#'$# "2# 4," "2!" "2# 4'5!+
%'!'$%!0,),!"%' ,&2,"D
E ;!&'";%"2%'%"&,%82""$2!,8# "2#%'"#,#&"!&)#,"2#;2%*&!'7!'$%#&."2482"2#)0!%'"%B!))#00!'"2!& '"7%&)4"#7"2#!$""2!"%"2!7+"!%'#7"2#0!',*"2#
!'7 #1#$4"#7!*,"8!8#7##77!"#7 A CC 1$#)""2#%'7%'8&,#'7#,#7 '%&&4#.,#&""2#%&&4#&;#,#4'7!8!%'&""2#!))#00!'"B)0!%'"% !'7"2#&4%";!&!$$,7%'80:7%&*%& ,= #>2%.0#!,'#7$4'�!))#!,%'8'+#2!0 "2# !))#00!'"B)0!%'"%&4+*%"&"2!"+"2"2#4,"&+#0;2!?#$**%""#7!' %00#8!0%":!'7)#,?#,&%":%''",#'7#,%'8"2#%'7%'8&!&)#,"2#,!0!'7 7$4*#'"!,:#?%7#'$#.;2%$2. ),?#7"2!""2#
2!7$2!,8#7 "2##1,+%"!'"%'"#,#&".%#.+#:'7"2#"#,*&!'7$'7%"%'&"2#*,"8!8# 7##7"%&%'"2%&$'"#1""2#&4%";!&%0#7 2!?#2#!,7"2#0#!,'#7$4'�,"2#!))#00!'"B)0!%'"%!'7 !)),!%"2#)!)#,+> "%&!*!""#,,#$,7"2!" '#%*##""0#*#'" ;!& #'"#,#7%'"+#";##'"2#!))#00!'"B)0!%'"%!'7"2#7##'7!'"B,),!"%' 74,%'8"2#)#'7#'$:"2#&4%"!'7"2#!$"4*"2#&!*#;!&%'"#'7#7" +#+,482"',#$,7+:"2# "2,482!'!))0%$!"%'.+4""2#&!*#;!& 7%&*%& ?%7# ,7#, 7!"#7 F- '$# "2# !))#00!'"B)0!%'"% 2!& #'"#,#7%'" $2#*#.'$!4&#!$"%'&4,?%?#&%'"2#&4%""!8%"!"#
"2#8,4'7&"!>#'"2#,#%'7'"%'7!':%00#8!0%":!'7)#,?#,&%":%'"2# %'7%'8&,#'7#,#7+:+"2"2#4,"&+#0;!&"2#&!*#!,#+!' !)),#$%!"%',!0!'77$4*#'"!,:#?%7#'$# $$,7%'80:."2#!))#!0%&7%&*%& /012, *)+%
034 '(-.&