Case Details

  • Case name: M/s. Brijwasi Cycle Store vs Union Bank of India & Anr.
  • Petition: Special Leave to Appeal (C) No.19072/2026.
  • Origin: Impugned final judgment and order dated 20-03-2026 in CWP No.35397/2025 of the High Court of Punjab & Haryana, Chandigarh.
  • Court: Supreme Court of India.
  • Bench: Hon'ble Mr. Justice Dipankar Datta, Hon'ble Mr. Justice Satish Chandra Sharma.
  • Order date: 04-06-2026.
  • Exemption: I.A. No.166896/2026 (exemption from filing C/C of the impugned judgment).

Parties Involved

  • Petitioner: M/s. Brijwasi Cycle Store.
  • Respondents: Union Bank of India and another (ANR).
  • Counsel for Petitioner: Mr. Karanvir Singh Khehar, Adv.; Ms. Sunita Sharma, AOR; Mr. Hari Om Singh Rajaur, Adv.; Mr. Aditya Kumar, Adv.; Mr. Anurag Agarwal, Adv.
  • Counsel for Respondent: Not listed.
  • Court Officials: Rashmi Dhyani Pant, Assistant Registrar‑Cum‑PS Court Master (NSH) (digitally signed); Sudhir Kumar Sharma (assistant registrar).

Issues / Allegations / Violations

  • Petition challenges the High Court’s order dated 20‑03‑2026 (CWP No.35397/2025), alleging that its operation/effect is improper and adversely affects Brijwasi Cycle Store.

Findings & Observations

  • The Supreme Court, after hearing, decided to issue notice and stay the operation and effect of the impugned High Court order pending further hearing.

Penalties / Settlements / Directions

  • Direction: Stay of operation and effect of the High Court order until the next date of hearing.
  • Exception: The stay does not prevent the Debt Recovery Tribunal from proceeding in contempt against the respondent.

Corrective Actions & Future Obligations

  • Parties must await further hearing; the stay remains in effect.
  • No additional compliance measures specified beyond the stay.

Final Ruling & Enforcement

  • Order:

1. Issue notice.

2. Tag the petition with SLP(C) No.18387/2026.

3. Stay the operation and effect of the impugned High Court order until the next hearing.

4. Allow the Debt Recovery Tribunal to proceed in contempt against the respondent.

  • Signature: Digitally signed by Rashmi Dhyani Pant on 04‑06‑2026 at 16:51:47 IST (Signature Not Verified).