Para 17– Though the decision of this Court in the case of Bijnor Urban Cooperative Bank Limited (supra) was specifically pressed in service on behalf of the Bank and was pointed out to the High Court, the High Court instead following the binding decision of this Court in the case of Bijnor Urban Cooperative Bank Limited (supra) has not followed the same by observing that the earlier decision of this Court in the case of Sardar Associates (supra) is more elaborate. We do not approve such an observation by the High Court and not following the subsequent binding decision of this Court which as such was on the point. Being a subsequent decision on the point/issue, the High Court was bound to follow the same.
Subsequent decision which squarely governs the issue in question, held, would be binding as against other precedents which may be more generally or broadly relevant.
[SBI v. Arvindra Electronics (P) Ltd., (2023) 1 SCC 540]