The said Commissioner will make disbursement of the amount so received by him in accordance with the provisions of Coking Coal Mines Nationalisation Act, 1972.
After the Bank came to know of the said order of this Court directing it to pay interest on the said sum of Rs.
The said Writ Petition along with a batch of other Writ Petitions was dismissed by this Court by its order dated September 18, 1986 upholding the companystitutional validity of the Coking Coal Mines Nationalisation Act, 1972 and the Coal Mines Nationalisation Act, 1973 as amended by the Coal Mines Nationalisation Laws Amendment Act, 1978.
It is apparent from the order extracted above that the petitioners, Raneegunj Coal Association and another, had a cash credit account in the Punjab National Bank, Calcutta.
In that Writ Petition, on July 6,1973 the following order was passed by this Court The amounts which have been recovered up to 31 3 1973 by the respondents from the.
404 of 1972 was withdrawn and another writ petition was filed by the petitioners in this Court being Writ Petition No.
It appears that after the disposal of the Writ Petition, this Court passed the following order on September 24, 1987 on the agreement of Bharat Coking Coal Ltd. and the Petitioners Punjab National Bank, Lyons Range Branch, Calcutta, is hereby directed to hand over to the Commissioner of Payment for Coking Coal Mines Camac Street, Calcutta, the sum of Rs.
After the said order was passed by this Court to the prejudice of the Bank, the Bank had to make the present Civil Miscellaneous Petition for direction.10,12,778.87 together with interest from September 5,1973 up to the date of payment at the rate at which the Bank charged the same to the petitioners.
Although the direction of this Court was that the amount should be deposited by the respondents in the Punjab National Bank, Calcutta, in the cash credit account of the petitioners, the Bank credited the amount being Rs.
In the event of the respondents failing to make good their companytention in regard to the amount due to the petitioners from the sundry debtors the respondents shall pay to the petitioners the interest on the amount to be deposited in the Bank under this order with effect from today until the disposal of the writ petition.
sundry debtors of the petitioners towards realisation of these debts shall be deposited by the respondents in the Punjab National Bank Calcutta in the cash credit account of the petitioners.
404 of 1972 challenging the validity of the Coking Coal Mines Nationalisation Act, 1972 etc.
This Civil Miscellaneous Petition has been filed by the Punjab National Bank for direction.
was filed in this Court by the writ petitioners, Raneegunj Coal Association and another.
By the said order dated September 24, 1987, this Court directed the Bank to hand over to the Commissioner of Payment for Coking Coal Mines, Camac Street, Calcutta, the said sum of Rs.
This amount will be kept and earmarked separately and shall number be withdrawn by the petitioners number adjusted by the Bank as against the amount due to the Bank from the petitioners, until the decision of the writ petition.
The Bank did number get any opportunity of being heard before the said order dated September 24, 1987 was passed directing the Bank to hand over the principal amount together with interest at the rate mentioned in the said order with effect from September 5, 1973 up to the date of payment.
The respondents have placed strong reliance on the subsequent order dated September 24,1987 whereby this Court specifically directed the Bank to pay interest and also specified the rate of interest.
10,12,778.87, it made the present Civil Miscellaneous Petition for direction.
The respondents shall give to the petitioners within four weeks from today a companyy of the statement of accounts as required under Section 22 b .
A Writ Petition being Writ Petition Civil No.
640 on September 5, 1973.
10,12,778.87 which was deposited in the cash receipt account of the petitioners on September 5,1973, under the order dated July 6, 1973 of this Court together with interest calculated at the rate at which the Bank charged the same to the petitioners from September 5, 1973 up to the date of payment to the Commissioner of Payment for Coking Coal Mines.
It is the case of the Bank that as directed by this Court by its earlier order dated July 6, 1973, it deposited the said amount of Rs.
Copy of the order to be sent to the Punjab National Bank, Calcutta.
The said Writ Petition No.
Interest shall be payable at the rate at which the Bank will charge the same to the petitioners.
The audit shall number be companypleted or certified until such a statement is given to the petitioners.
954 of 1977.
