IN THE HIGH COURT OF PUNJAB AND HARYANA IN THE HIGH COURT OF PUNJAB AND HARYANA IN THE HIGH COURT OF PUNJAB AND HARYANA IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH AT CHANDIGARH AT CHANDIGARH AT CHANDIGARH 109 CWP No.19233 of 2026 CWP No.19233 of 2026 CWP No.19233 of 2026 CWP No.19233 of 2026 DATE OF DECISION DATE OF DECISION DATE OF DECISION DATE OF DECISION :::: 11115555thththth JUNE JUNE JUNE JUNE, 2026 , 2026 , 2026 , 2026 Smart Chip Pvt. Ltd.,Noida Smart Chip Pvt. Ltd.,Noida Smart Chip Pvt. Ltd.,Noida Smart Chip Pvt. Ltd.,Noida …. . . . Petitioner Petitioner Petitioner Petitioner Versus Versus Versus Versus State of Punjab & others State of Punjab & others State of Punjab & others State of Punjab & others …. Respondent . Respondent . Respondent . Respondent CORAM CORAM CORAM CORAM :::: HON’BLE MR. JUSTICE HON’BLE MR. JUSTICE HON’BLE MR. JUSTICE HON’BLE MR. JUSTICE JASGURPREET JASGURPREET JASGURPREET JASGURPREET SINGH PURI SINGH PURI SINGH PURI SINGH PURI HON’BLE M HON’BLE M HON’BLE M HON’BLE MRRRR. JUSTICE . JUSTICE . JUSTICE . JUSTICE ROHIT KAPOOR ROHIT KAPOOR ROHIT KAPOOR ROHIT KAPOOR * * * * Present : Mr. Aman Pal, Sr. Advocate with Mr. Rajender Kumar, Advocate; Mr. Mohit Garg, Advocate; Mr. Rishabh Chaudhary, Advocate; Mr. Sankalp Dhanda, Advocate; Mr. Aashish Gupta, Advocate and Mr. Anirveda Sharma, Advocate for the petitioner. Mr. Jastej Singh, Addl. A. G., Punjab. * * * * JASGURPREET SINGH PURI JASGURPREET SINGH PURI JASGURPREET SINGH PURI JASGURPREET SINGH PURI, J. , J. , J. , J. (Oral) (Oral) (Oral) (Oral) 1. The present writ petition has been filed under Articles 226/227 of Constitution of India for issuance of writ in the nature of certiorari for quashing invocation of the Performance Bank Guarantee dated 16.07.2020 (Annexure P-2) issued by Canara Bank by respondents, along with certain other prayers. 2. After arguing at length, learned senior counsel for the petitioner has prayed for withdrawal of the present petition in order to enable the petitioner to avail alternative remedies available to it in accordance with law, including filing of application under Section 9 of the Arbitration and Conciliation Act, 1996 and seeks liberty thereof. RAJ KUMAR 2026.06.17 11:40 I attest to the accuracy and integrity of this document CWP No.19233 of 2026 CWP No.19233 of 2026 CWP No.19233 of 2026 CWP No.19233 of 2026 -2- 3. The request made by learned Senior counsel for the petitioner is accepted. 4.4.4.4. Accordingly, the present petition stands dismissed as withdrawn, with liberty as aforesaid. ((((JASGURPREET SINGH PURI JASGURPREET SINGH PURI JASGURPREET SINGH PURI JASGURPREET SINGH PURI)))) JUDGE JUDGE JUDGE JUDGE 11115555thththth June June June June, 2026 , 2026 , 2026 , 2026 ‘raj’ (((( ROHIT KAPOOR ROHIT KAPOOR ROHIT KAPOOR ROHIT KAPOOR )))) JUDGE JUDGE JUDGE JUDGE Whether speaking/reasoned: Yes No Whether Reportable: Yes No RAJ KUMAR 2026.06.17 11:40 I attest to the accuracy and integrity of this document