1 CGHC010017172025 2026:CGHC:38537-DB NAFR HIGH COURT OF CHHATTISGARH AT BILASPUR WA No. 59 of 2025 M/s Shrishrimal Plantation Ltd. Ravi Bhawan, Jai Stambh, Raipur, Chhattisgarh, Represented Through Its Authorised Representative Shafiullah Suhail Khan Son Of Late Shri Asadullah Khan Aged About 47 Years, Ravi Bhawan, Jai Stambh, Raipur, Chhattisgarh. --- Appellant(s) versus 1. M/s Arihant Vardhman Biotech Through Its Proprietor Rajendra Kumar Parakh, Aged 67 Years, O/at No. 5, 1st Floor, Durga College Complex, K.K. Road, Raipur, District Raipur, Chhattisgarh. 2. State Bank Of India, Industrial Finance Branch, Raipur (C.G.) Through Its Branch Manager, District Raipur Chhattisgarh. 3. Shri Devi Chand Jain, S/o Late Shri Maniklal Jain, R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh. 4. Shri Kamal Chand Jain, S/o Late Shri Maniklal Jain, R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 5. Shri Shailendra Jain, S/o Shri Swaroop Chand Jain, R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 6. Shri Swaroop Chand Jain, S/o Late Shri Maniklal Jain, R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 7. Shri Lookaran Jain, S/o Late Shri Maniklal Jain, R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 8. Shri Dhiraj Kumar Jain, S/o Shri Lookaran Jain, R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 9. Smt. Vimla Devi Jain, W/o Shri Vimal Chand Jain, R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh BRIJMOHAN MORLE Digitally signed by BRIJMOHAN MORLE Date: 2026.09.02 10:44:03 +0530 2 10. Shri Devi Chand Jain, S/o Late Shri Maniklal Jain, R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 11. Shri Kamal Chand Jain, S/o Late Shri Maniklal Jain, R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 12. Shri Shailendra Jain, S/o Shri Swaroop Chand Jain, R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 13. M/s Ganesh Twine Mills, Through Any One Partner Shri Swaroop Chand Jain, Shri Loonkaran Jain, Shri Dhiraj Kumar Jain, Smt. Vimla Devi, Shri Devi Chand Jain, Shri Kamal Chand Jain Shri Shailendra Jain 14. The Recovery Officer, Debt. Recovery Tribunal, Shanti Kunj, South Civil Lines, Jabalpur, Madhya Pradesh. --- Respondent(s) WA No. 72 of 2025 M/s Shrishrimal Plantation Ltd Ravi Bhawan, Jai Stambh, Raipur, Chhattisgarh, Represented Through Its Authorised Representative Shri Shafiullah Suhail Khan, Son Of Late Shri Asadullah Khan, Aged About 47 Years, Ravi Bhawan, Jai Stambh, Raipur, Chhattisgarh ---Appellant(s) versus 1. State Bank of India Industrial Finance Branch, Raipur (C.G.) Through Its Branch Manager, District Raipur, Chhattisgarh 2. M/s Arihant Vardhman Biotech Through Its Proprietor Rajendra Kumar Parakh, Aged About 67 Years, O/at No. 5, 1st Floor, Durga College Complex, K. K. Road, Raipur, District Raipur, Chhattisgarh 3. Shri Devi Chand Jain S/o Late Shri Maniklal Jain Aged About 21 Years R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 4. Shri Kamal Chand Jain S/o Late Shri Maniklal Jain R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 5. Shri Sailendra Jain S/o Shri Swaroop Chand Jain R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 6. Shri Swaroop Chand Jain S/o Late Shri Maniklal Jain R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 3 7. Shri Lookaran Jain S/o Late Shri Maniklal Jain R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 8. Shri Dhiraj Kumar Jain W/o Late Shri Maniklal Jain R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 9. Smt. Vimla Devi Jain W/o Shri Vimal Chand Jain R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 10. Shri Devi Chand Jain S/o Late Shri Maniklal Jain R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 11. Shri Kamal Chand Jain S/o Late Shri Maniklal Jain R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 12. Shri Sailendra Jain S/o Shri Swaroop Chand Jain R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh 13. M/s Ganesh Twine Mills Through Any One Partner Shri Swaroop Chand Jain, Shri Loon Karan Jain, Shri Dhiraj Kumar Jain, Smt. Vimla Devi, Shri Devi Chand Jain, Shri Kamal Chand Jain, Shri Shailendra Jain, R/o 21 South Avenue, Choubey Colony, Raipur, Chhattisgarh. --- Respondent(s) WA No. 170 of 2025 M/s Arihant Vardhman Biotech Through Its Proprietor Rajendra Kumar Parakh, Aged About 67 Years, O/at A-2, Mahaveer Goushala Commercial Complex, K.K. Road, Raipur (Chhattisgarh) (Through In Impugned Judgment Mentioned Earlier Address Of No. 5, 1st Floor, Durga College Complex, K.K. Road, Raipur (C.G.) ---Appellant(s) versus 1. State Bank of India Industrial Finance Branch, Raipur (C.G.) Through Its Branch Manager 2. M/s Shrishrimal Plantation Ltd. Ravi Bhawan, Jai Stambh, Raipur, Chhattisgarh, Represented Through Its Director, Shri Shailendra Jain, Son Of Shri Swaroop Chand Jain, Aged About 54 Years, R/o 21, South Avenue, Choubey Colony, Raipur, Chhattisgarh 4 3. Shri Devi Chand Jain S/o Late Shri Maniklal Jain R/o 21 South, Avenue, Choubey Colony, Raipur (C.G.) 4. Shri Kamal Chand Jain S/o Late Shri Maniklal Jain R/o 21 South, Avenue, Choubey Colony, Raipur (C.G.) 5. Shri Shailendra Jain S/o Shri Swaroop Chand Jain R/o 21 South, Avenue, Choubey Colony, Raipur (C.G.) 6. Shri Swaroop Chand Jain S/o Late Shri Maniklal Jain R/o 21 South, Avenue, Choubey Colony, Raipur (C.G.) 7. Shri Loonkaran Jain S/o Late Shri Maniklal Jain R/o 21 South, Avenue, Choubey Colony, Raipur (C.G.) 8. Shri Dhiraj Kumar Jain S/o Shri Loonkaran Jain R/o 21 South, Avenue, Choubey Colony, Raipur (C.G.) 9. Smt. Vimla Devi Jain W/o Shri Vimal Chand Jain R/o 21 South, Avenue, Choubey Colony, Raipur (C.G.) 10. Shri Devi Chand Jain S/o Late Shri Maniklal Jain R/o 21 South, Avenue, Choubey Colony, Raipur (C.G.) 11. Shri Kamal Chand Jain S/o Late Shri Maniklal Jain R/o 21 South, Avenue, Choubey Colony, Raipur (C.G.) 12. Shri Shailendra Jain S/o Shri Swaroop Chand Jain R/o 21 South, Avenue, Choubey Colony, Raipur (C.G.) 13. M/s Ganesh Twine Mills Through Any One Partner Shri Swaroop Chand Jain Shri Loon Karan Jain, Shri Dhiraj Kumar Jain, Smt. Vimla Devi, Shri Devi Chand Jain, Shri Kamal Chand Jain, Shri Shailendra Jain 14. The Recovery Officer Debt Recovery Tribunal Shanti Kunj, South Civil Lines, Jabalpur, Madhya Pradesh ---Respondent(s) (Cause-title taken from Case Information System) For Appellant : None in WA Nos. 59 of 2025 & 72 of 2025, Mr. Ashish Surana, Advocate through VC in WA No. 170 of 2025 and respondent No. 1 and 2 in WA Nos. 59 of 2025 & 72 of 2025. For SBI : Mr. P.R. Patankar, Advocate. 5 Hon'ble Shri Ramesh Sinha, Chief Justice Hon'ble Shri Ravindra Kumar Agrawal , Judge Judgment on Board Per Ramesh Sinha , Chief Justice 01 .09.2026 1. None appears on behalf of the appellant in W.A. Nos. 59 of 2025 and 72 of 2025. 2. Heard Mr. Ashish Surana, learned counsel appearing for the appellant in W.A. No. 170 of 2025, respondent No. 1 in W.A. No. 59 of 2025 and respondent No. 2 in W.A. No. 72 of 2025, through video conferencing. Also heard Mr. P.R. Patankar, learned counsel appearing for State Bank of India (SBI) in all the writ appeals. 3. Mr. Surana submits that I.A. No. 4 of 2026 has been filed seeking withdrawal of W.A. No. 170 of 2025. It is submitted that during the pendency of the appeal, the appellant and respondent No. 2 have amicably resolved their dispute and, in view of the settlement arrived at between them, the appellant does not wish to prosecute the appeal any further. 4. In view of the aforesaid submission, I.A. No. 4 of 2026 is allowed. Consequently, W.A. No. 170 of 2025 is dismissed as withdrawn. 5. Insofar as W.A. Nos. 59 of 2025 and 72 of 2025 are concerned, though Mr. Manee Ram Yadav, learned counsel appearing for the 6 appellant in both the appeals, is not present, he has filed I.A. No. 3 of 2026 seeking appropriate directions. In the said applications, it has been stated that the appellant and respondent No. 1 in both the appeals have amicably settled their dispute and, pursuant thereto, have entered into a settlement deed dated 05.08.2026. 6. Having regard to the settlement arrived at between the parties and the prayer made in I.A. No. 3 of 2026, the said applications deserve to be allowed. Accordingly, I.A. No. 3 of 2026 are allowed. 7. Consequently, W.A. Nos. 59 of 2025 and 72 of 2025 are disposed of in terms of the settlement deed dated 05.08.2026 entered into between the parties. 8. The settlement deed dated 05.08.2026 shall form part of the record. Sd/- Sd/- (Ravindra Kumar Agrawal) (Ramesh Sinha) Judge Chief Justice Brijmohan