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State Bank of India Vs. Gracure Pharmaceuticals Ltd. [22/11/13]

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[Civil Appeal Nos. 10531-10532 of 2013 @ Special Leave Petition (C) Nos.5945-5946 of 2009]. We are, in this case, concerned with the applicability of Order 2 Rule 2 of the Code of Civil Procedure (for short "the CPC") in respect of two suits filed by the respondent, one in the Original side of the Delhi High Court and another before the District Court, Delhi. Original Suit No.1145 of 2003 was filed by the respondent herein on 15.05.2003 for recovery of an amount of Rs.44,30,994 against the appellant bank and its officers towards the amount of Letter of Credit issued by Credit Du Nord, Paris (CDN) and towards interest for the delay in receipt of payment from BNP - Paribas S.A., Ivry-Sur-Scine (BNP) with cost pendente lite and future interest @ 18% per annum. Suit No.288/03/04 of 2003 was also filed by the respondent on 21.05.2003 claiming damages of Rs.3,09,000/- with cost and pendente lite and future interest @ 18% per annum against bank and its officers for withdrawing credit facility on 23.03.2002. Notice was issued to the bank and its officers by the District Court, Delhi.

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