CRM-M-6439 IN THE HIGH COURT OF PUNJAB AND HARYANA 138 LALIT KUMAR JAIN JINDAL CORAM: HON'BLE MR. JUSTICE Present: SURYA PARTAP SINGH, J. 1. today, the case of the petitioner is covered by the principles of law laid down by the Hon’ble Supreme Court of India in the case of ‘Rakesh Bhanot V M/s Gurdas Agro Pvt. Ltd.’ 2025(6) SCC 781 learned counsel for the petitioner that with regard to same issue, Petition (Criminal) No.311/2025 Kotak Mahindra Bank & Ors.’ of India wherein notice has been issued and stay order has been passed 6439-2024 (O&M) 8587 1 IN THE HIGH COURT OF PUNJAB AND HARYANA CHANDIGARH LALIT KUMAR JAIN VERSUS JINDAL FASTENERS PVT. LTD. & ANR. CORAM: HON'BLE MR. JUSTICE SURYA P Mr. Animesh Sharma, Advocate Mr. Sandeep K. Sharma, Advocate Mr. Lakshay Saini, Advocate **** SURYA PARTAP SINGH, J. (Oral): During the course of arguments it has transpired that as of today, the case of the petitioner is covered by the principles of law laid down by the Hon’ble Supreme Court of India in the case of ‘Rakesh Bhanot V M/s Gurdas Agro Pvt. Ltd.’ 2025(6) SCC 781 learned counsel for the petitioner that with regard to same issue, 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 passed IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CRM-M-6439-2024 (O&M) DECIDED ON: 19.01.2026 .....PETITIONER VERSUS & ANR. ....RESPONDENT SURYA PARTAP SINGH , Advocate for the petitioner. , Advocate and Mr. Lakshay Saini, Advocate for respondent No.1. During the course of arguments it has transpired that as of today, the case of the petitioner is covered by the principles of law laid down by the Hon’ble Supreme Court of India in the case of ‘Rakesh Bhanot V M/s Gurdas Agro Pvt. Ltd.’ 2025(6) SCC 781. It is however contended by learned counsel for the petitioner that with regard to same issue, one Writ titled as ‘Raj Kumar Aggarwal & Anr. Vs. nding before the Hon’ble Supreme Court of India wherein notice has been issued and stay order has been passed. (O&M) 19.01.2026 .....PETITIONER ....RESPONDENTS During the course of arguments it has transpired that as of today, the case of the petitioner is covered by the principles of law laid down by the Hon’ble Supreme Court of India in the case of ‘Rakesh Bhanot Vs. . It is however contended by one Writ titled as ‘Raj Kumar Aggarwal & Anr. Vs. nding before the Hon’ble Supreme Court VINOD KUMAR ARYA 2026.01.20 20:05 I attest to the accuracy and integrity of this document CRM-M-6439 2. behalf of respondent No.1 and filed on record. 3. petitioner wants to withdraw this petition with observations made in Rakesh Bhanot’s (supra) are reversed shall be at liberty to approach this 4. withdrawn with liberty aforesaid. 5. disposed of, accordingly. 6439-2024 (O&M) 8587 2 Mr. Sandeep K. Sharma, Advocate has put in appearance on behalf of respondent No.1 and filed Power on record. In view of abovementioned contentions, petitioner wants to withdraw this petition with observations made in Rakesh Bhanot’s (supra) are reversed shall be at liberty to approach this Court for revival 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 , Advocate has put in appearance on Power of Attorney. The same be taken In view of abovementioned contentions, learned counsel for the petitioner wants to withdraw this petition with a liberty that in case the observations made in Rakesh Bhanot’s (supra) are reversed, the petitioner 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 , Advocate has put in appearance on . The same be taken learned counsel for the in case the , the petitioner 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