In Brief
Kut Energy Pvt. Ltd. challenged orders regarding a deposit made to Punjab National Bank. The appellants disputed whether the High Court should have intervened through writ jurisdiction when alternate remedies existed, and whether they remained entitled to their deposit. The Supreme Court held that a deposit not intended as satisfaction of a debt retains its character, and once the depositors' entitlement is established, it cannot be negated by directions regarding where the money is held. The appeals were allowed.
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