M/S MANCARE INC AND ORS vs PUNJAB AND SIND BANK AND ANR

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 106+216 CWP-1646-2022 (O & M) Date of Decision:12.05.2026 M/S MANCARE INC AND OTHERS ...PETITIONERS VERSUS PUNJAB AND SIND BANK AND ANOTHER ...RESPONDENTS CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI Present: Mr. Aalok Jagga, Advocate for the petitioners. Mr. Parunjeet Singh, Advocate, for the respondent-Bank. *** SUVIR SEHGAL, J.(ORAL) 1. This Court has been apprised that during the pendency of the petition, loan has been assigned to Ashok Investment Trust. 2. In view of this development, counsel for the petitioners states that prayer made in the petition has become infructuous. 3. Dismissed as having been rendered infructuous. 4. It will be open to petitioners to approach the assignee with a proposal for settlement, if permissible. 5. Pending application(s) shall also stand disposed of. (SUVIR SEHGAL) JUDGE (VIKAS SURI) 12.05.2026 JUDGE sheetal Whether Speaking/Reasoned Yes/No Whether Reportable Yes/No SHEETAL 2026.05.14 14:22 I attest to the accuracy and authenticity of this order/judgment High Court, Chandigarh