CRM-M-64010 IN THE HIGH COURT OF PUNJAB AND HARYANA 138-II JITENDER SINGH & ANR. M/S ARUNODYA COAL TRADER’S PVT. LTD. THROUGH ITS DIRECTOR SH. SANJAY AGARWAL CORAM: HON'BLE MR. JUSTICE Present: SURYA PARTAP SINGH, J. 1. today, the case of the petitioner down by the Hon’ble Supreme Court of India in the case of ‘Rakesh Bhanot Vs. M/s Gurdas Agro Pvt. Ltd.’ 2025(6) SCC 781 by learned counsel for the petitioner Writ Petition (Criminal) No.311/2025 Vs. Kotak Mahindra Bank & Ors.’ Court of India wherein notice has been issued and stay order has been passed. 64010-2024 (O&M) 8587 1 IN THE HIGH COURT OF PUNJAB AND HARYANA CHANDIGARH JITENDER SINGH & ANR. VERSUS ARUNODYA COAL TRADER’S PVT. LTD. THROUGH ITS DIRECTOR SH. SANJAY AGARWAL CORAM: HON'BLE MR. JUSTICE SURYA P Mr. Viren Sibal, Advocate for the petitioner Mr. Tanmoy Gupta, Advocate for **** SURYA PARTAP SINGH, J. (Oral): During the course of arguments it has transpired that as of today, the case of the petitioners is covered by the principles of law laid down by the Hon’ble Supreme Court of India in the case of ‘Rakesh Bhanot Vs. M/s Gurdas Agro Pvt. Ltd.’ 2025(6) SCC 781 by learned counsel for the petitioners that with regard to same issue Writ Petition (Criminal) No.311/2025 titled as ‘Raj Kumar Aggarwal & Anr. Vs. Kotak Mahindra Bank & Ors.’ is pending before the Hon’ble Supreme Court of India wherein notice has been issued and stay order has been IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CRM-M-64010-2024 (O&M) DECIDED ON: 19.01.2026 ....PETITIONER VERSUS ARUNODYA COAL TRADER’S PVT. LTD. THROUGH ITS DIRECTOR SH. SANJAY AGARWAL & ANR. ....RESPONDENT SURYA PARTAP SINGH for the petitioner. y Gupta, Advocate for respondent No.1. During the course of arguments it has transpired that as of is covered by the principles of law laid down by the Hon’ble Supreme Court of India in the case of ‘Rakesh Bhanot Vs. M/s Gurdas Agro Pvt. Ltd.’ 2025(6) SCC 781. It is however contended that with regard to same issue, one titled as ‘Raj Kumar Aggarwal & Anr. is pending before the Hon’ble Supreme Court of India wherein notice has been issued and stay order has been (O&M) 19.01.2026 ....PETITIONERS ....RESPONDENTS During the course of arguments it has transpired that as of is covered by the principles of law laid down by the Hon’ble Supreme Court of India in the case of ‘Rakesh Bhanot . It is however contended one titled as ‘Raj Kumar Aggarwal & Anr. is pending before the Hon’ble Supreme Court of India wherein notice has been issued and stay order has been VINOD KUMAR ARYA 2026.01.20 20:05 I attest to the accuracy and integrity of this document CRM-M-64010 2. of respondent No.1 taken on record. 3. petitioner observations made in Rakesh Bhanot’s (supra) are reversed shall be at liberty to approach this Court for 4. withdrawn with liberty aforesaid. 5. disposed of, accordingly. 64010-2024 (O&M) 8587 2 Mr. Tanmoy Gupta, Advoca of respondent No.1 and filed Memorandum of Appearance. The same be taken on record. In view of abovementioned contentions, petitioners wants to withdraw this petition with observations made in Rakesh Bhanot’s (supra) are reversed shall be at liberty to approach this Court for Accordingly, the present petition is hereby dismissed as withdrawn with liberty aforesaid. Pending miscellaneous application(s), if any, shall also stand disposed of, accordingly. Whether speaking/reasoned Yes/No Whether reportable Yes/No y Gupta, Advocate has put in appearance on behalf and filed Memorandum of Appearance. The same be In view of abovementioned contentions, learned counsel for the wants to withdraw this petition with a liberty that in case the observations made in Rakesh Bhanot’s (supra) are reversed, the petitioner shall be at liberty to approach this Court for revival of the present petition Accordingly, the present petition is hereby dismissed as Pending miscellaneous application(s), if any, shall also stand Yes/No Yes/No ce on behalf and filed Memorandum of Appearance. The same be learned counsel for the e the , the petitioners of the present petition. Accordingly, the present petition is hereby dismissed as Pending miscellaneous application(s), if any, shall also stand VINOD KUMAR ARYA 2026.01.20 20:05 I attest to the accuracy and integrity of this document