Petition for Special Leave to Appeal (C) No.18387/2026, arising from impugned final judgment dated 20‑03‑2026 in CWP No.30496/2025 of the High Court of Punjab & Haryana.
Related exemption applications: I.A. No.159532/2026 and I.A. No.163697/2026 for exemption from filing copy of the impugned judgment.
Order dated 26‑05‑2026, heard by Hon’ble Justices Dipankar Datta and Satish Chandra Sharma.
Parties Involved
Petitioners: M/S Brijwasi Cycle Store & Ors.
Respondent: Union Bank of India.
Petitioners’ counsel: Ms. Sunita Sharma (AOR), Mr. Karanvir Singh Khehar, Adv. Hari Om Singh Rajaur, Adv. Aditya Kumar, Adv. Anurag Agarwal.
Respondent’s counsel: not listed.
Issues / Allegations / Violations
Petition seeks stay of operation and effect of the High Court’s order dated 20‑03‑2026.
No specific allegations detailed in the order excerpt.
Findings & Observations
Court ordered issuance of notice.
Court granted a stay on the operation and effect of the impugned High Court order until the next hearing.
The stay does not allow the Debt Recovery Tribunal to proceed in contempt against the respondent.
Penalties / Settlements / Directions
No monetary penalties or settlements were imposed in this order.
Corrective Actions & Future Obligations
Parties must comply with the stay; the High Court order remains ineffective pending further hearing.
Notice to be issued as directed by the Court.
Final Ruling & Enforcement
Stay of operation and effect of the impugned order is effective immediately and will continue until the next hearing date.
Debt Recovery Tribunal barred from initiating contempt proceedings against Union Bank of India during the stay.
