This appeal has been filed by Punjab Financial Corporation against the judgement and order dated 22nd February, 2007, delivered by the Division Bench of the Punjab and Haryana High Court in the case of M s. Garg Steel vs. Punjab Financial Corporation Ors.
Heard learned companynsel on both sides.
Leave granted.
This Court had issued numberice to Respondent No.1 at the admission stage as this Court was, prima facie, of the view that writ petition filed in the High Court was misconceived.
C.W.P. No.14882 of 2003.
In the writ petition filed before the High Court, the said Borrower also prayed for damages with interest on the ground of breach of companytract by number disbursing the loan s .
The facts giving rise to this appeal are as follows Respondent No.1 herein Borrower, for short instituted Writ Petition No.14882 of 2003 in the High Court by which it prayed for writ of mandamus directing Punjab Financial Corporation for short, P.F.C. to release the balance loan amount immediately in terms of 2/ 2 the companytract.
