1 2025:CGHC:17380-DB NAFR HIGH COURT OF CHHATTISGARH AT BILASPUR WPC No. 1896 of 2025 Rashmi Sponge Iron And Power Industries Private Limited, Having Reg- istered Officer At 90 Industrial Growth Centre, Phase II, Siltara, Raipur, District Raipur Chhattisgarh. Through Its Director Manoj Agrawal, Aged Around 59 Years, S/o Shri Satyanarayan Agrawal ... Petitioner versus 1 - South Eastern Coal Fields Ltd., Through The Chairman-Cum Man- aging Director, South Eastern Coal Fields Ltd., Seepat Road, Bilaspur Chhattisgarh. 2 - Director (Technical) Operation South Eastern Coal Fields Ltd. Seepat Road, Bilaspur Chhattisgarh. 3 - General Manager (Marketing And Sales) South Eastern Coal Fields Ltd., Seepat Road, Bilaspur Chhattisgarh. 4 - Punjab National Bank Through The Branch Manager, Katora Talab Branch, Civil Lines, Raipur, Chhattisgarh. ... Respondents (Cause-title taken from Case Information System) For Petitioner : Mr. Harshmander Rastogi, Advocate For Respondents No.1 to 3 : Mr. Vaibhav Shukla, Advocate For Respondent No.4 : Mr. Sudhanshu Upadhyay, Advocate on behalf of Mr. Sharad Mishra, Advocate ANURADHA TIWARI Digitally signed by ANURADHA TIWARI Date: 2025.04.19 13:53:17 +0530 2 Hon'ble Shri Ramesh Sinha, Chief Justice Hon'ble Shri Arvind Kumar Verma , Judge Order on Board Per Ramesh Sinha , Chief Justice 16.04.2025 1. Proceedings of this matter have been taken through Video Conferencing. 2. Heard Mr. Harshmander Rastogi, learned counsel for the petitioner. Also heard Mr. Vaibhav Shukla, learned counsel, appearing for respondents No.1 to 3 as well as Mr. Sudhanshu Upadhyay, learned counsel holding brief of Mr. Sharad Mishra, learned counsel appearing for respondent No.4. 3. The present petition has been filed by the petitioner with the following prayer:- “10.1 That this Hon’ble Court may be pleased to set aside the impugned termination order dated 12/08/2024 (Annexure P/1) to the extent that no penalty and forfeiture of performance security deposit is imposed on the petitioner. 10.2 That this Hon’ble Court may be pleased to set aside the e-mail communication dated 04/04/2025 (Annexure P/2) and thereby directing the respondent bank to not to encash the bank guarantee of the Petitioner. 3 10.3 That this Hon’ble Court may be pleased to grant an order of injunction restraining the Respondents herein from either invoking or encashing the bank guarantees dated 13/04/2023 and 15/06/2023 (Annexure P/3 Colly.) deposited by the petitioner. 10.4 That, this Hon’ble Court may kindly be pleased to grant any other relief(s), which is deemed fit and proper in the aforesaid facts and circumstances of the case.” 4. Learned counsel for the petitioner fairly submits that instant case has become infructuous. 5. Learned counsel appearing for the respondents have concur the submission of learned counsel for the petitioner. 6. In that view of the matter, the present petition is dismissed as having rendered infructuous with liberty to the petitioner to take recourse to law, if the petitioner is aggrieved by any further action. Sd/- Sd/- (Arvind Kumar Verma) (Ramesh Sinha) Judge Chief Justice Anu