{"id":7318,"date":"2025-12-15T06:14:00","date_gmt":"2025-12-15T00:44:00","guid":{"rendered":"https:\/\/lawfultalks3.selfst.art\/shocked-and-enraged-bombay-hc-slams-punjab-national-bank-for-publishing-directors-names-despite-pending-case\/"},"modified":"2026-07-21T17:35:52","modified_gmt":"2026-07-21T12:05:52","slug":"shocked-and-enraged-bombay-hc-slams-punjab-national-bank-for-publishing-directors-names-despite-pending-case","status":"publish","type":"post","link":"https:\/\/lawfultalks3.selfst.art\/?p=7318","title":{"rendered":"\u2018Shocked and Enraged\u2019: Bombay HC Slams Punjab National Bank for Publishing Directors\u2019 Names Despite Pending Case\u201d"},"content":{"rendered":"\n<p dir=\"ltr\"><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\">The Bombay High Court strongly criticised Punjab National Bank (PNB) for publishing the names and photographs of the directors of a borrowing company in a leading financial newspaper, despite being aware that the directors had urgently approached the court seeking protection.<\/span><\/span><\/p>\n \n \n \n <p dir=\"ltr\" style=\"text-align:center\"><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\"><\/span><\/span><\/p>\n \n \n \n <p dir=\"ltr\"><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\"><strong>Facts:<\/strong><\/span><\/span><\/p>\n \n \n \n <p dir=\"ltr\"><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\">In the present case, jewellery maker Damara Gold and its directors had approached the Bombay High Court challenging Punjab National Bank&rsquo;s decision to declare the firm a &ldquo;wilful defaulter&rdquo; and to classify its account as &ldquo;fraudulent&rdquo;. They sought an urgent hearing on December 10 for an ad-interim injunction to restrain the bank from taking any coercive steps. However, a bench of <\/span><\/span><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\"><strong>Justice R.I. Chagla and Justice Farhan Dubash <\/strong><\/span><\/span><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\">adjourned the matter to December 11 and directed the petitioners to delete the company as a party in view of the ongoing corporate insolvency resolution process.<\/span><\/span><\/p>\n \n \n \n <p dir=\"ltr\"><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\">When the matter was taken up on December 11, the Court was informed that despite being aware of the pending proceedings, PNB had gone ahead and published the names and details of the directors in <\/span><\/span><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\"><em>Business Standard<\/em><\/span><\/span><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\">. Reacting sharply, the bench of Justice R.I. Chagla and Justice Farhan Dubash said, &ldquo;We are shocked and enraged as to how the bank could have published this article, considering that they were fully aware of these proceedings and the application made for ad-interim relief by Damara Gold.&rdquo;<\/span><\/span><\/p>\n \n \n \n <p dir=\"ltr\"><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\">Taking strong exception to the bank&rsquo;s conduct, the bench clarified that the matter had been adjourned by just one day solely to enable the petitioners to delete the company as a party, which was the reason the remaining petitioners could not seek urgent interim reliefs.<\/span><\/span><\/p>\n \n \n \n <p dir=\"ltr\"><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\">Recording its disapproval, the Court observed, &ldquo;<\/span><\/span><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\"><strong>The conduct of the bank is highly improper and not expected of a nationalised bank.&rdquo;<\/strong><\/span><\/span><\/p>\n \n \n \n <p dir=\"ltr\"><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\">Punjab National Bank thereafter assured the Court that it would not act upon its fraud classification dated November 3 or its wilful defaulter declaration dated November 14 until further orders. Accepting this undertaking, the bench fixed the matter for its next hearing on <\/span><\/span><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\"><strong>January 19, 2026.<\/strong><\/span><\/span><\/p>\n \n \n \n <p dir=\"ltr\"><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\">Appearance:<\/span><\/span><\/p>\n \n \n \n <p dir=\"ltr\"><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\">Senior advocate Mustafa Doctor with advocates Pooja Batra and Saurabh Nikalje appeared for Damara Gold and its directors.<\/span><\/span><\/p>\n \n \n \n <p dir=\"ltr\"><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\">Advocates Vidhi Suthar, Sushil Kumar and Aditya Juvekar briefed by Kumar Legal Research LLP appeared for PNB.<\/span><\/span><\/p>\n \n \n \n <p dir=\"ltr\"><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\">Advocates Pradeep Mane, Huzan Bhumgara and Riddhi Badhekar briefed by Desai &amp; Diwanji appeared for Reserve Bank of India.<\/span><\/span><\/p>\n \n \n \n <hr \/>\n \n <p dir=\"ltr\"><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\"><strong>Case Details:<\/strong><\/span><\/span><span style=\"font-size:14pt\"><span style=\"font-family:Georgia,serif\"> Damara Gold Pvt Ltd &amp; Ors v. Punjab National Bank &amp; Ors.<\/span><\/span><\/p>\n \n \n \n <p><br \/>\n \n &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bombay High Court strongly criticised Punjab National Bank (PNB) for publishing the names and photographs of the directors of a borrowing company in a leading financial newspaper, despite being aware that the directors had urgently approached the court seeking protection. Facts: In the present case, jewellery maker Damara Gold and its directors had approached [&hellip;]<\/p>\n","protected":false},"author":97,"featured_media":9552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[28],"tags":[],"class_list":["post-7318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-high-courts"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u2018Shocked and Enraged\u2019: Bombay HC Slams Punjab National Bank for Publishing Directors\u2019 Names Despite Pending Case\u201d - Lawful Talks<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Shocked and Enraged\u2019: Bombay HC Slams Punjab National Bank for Publishing Directors\u2019 Names Despite Pending Case\u201d\" \/>\n<meta property=\"og:description\" content=\"The Bombay High Court strongly criticised Punjab National Bank (PNB) for publishing the names and photographs of the directors of a borrowing company in a leading financial newspaper, despite being aware that the directors had urgently approached the court seeking protection. 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