C.W.P NO. 18657 OF 2006 -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH C.W.P NO. 18657 OF 2006 DECIDED ON : 06.05.2009 Adishwar Spinners Limited ...Petitioner versus State of Punjab and others ...Respondents CORAM : HON'BLE MR. JUSTICE SURYA KANT Present : Mr. J. S. Toor, Advocate, for the petitioner. SURYA KANT, J. (ORAL) On the asking of the Court, Mr. G. S. Attariwala, Additional Advocate General, Punjab puts in appearance on behalf of the respondents. Learned counsel for the petitioner states that the respondents have calculated and are willing to pay the subsidy amount to the petitioner. However, they are still insisting for furnishing of the bank guarantee. Having heard learned counsel for the parties, I am of the considered view that if the respondents are of the view that the petitioner is eligible and entitled to the grant of subsidy, there appears to be no tangible reason to insist it for the furnishing of bank guarantee. C.W.P NO. 18657 OF 2006 -2- The writ petition is accordingly disposed of with a direction that let the respondents determine afresh as to whether or not the petitioner is eligible and entitled to the subject subsidy. If the respondents themselves are of the view that the petitioner is entitled to the subsidy, the same shall be released without insisting for any bank guarantee, however, subject to other valid conditions. Disposed of. Let a copy of this order be given dasti on payment of usual charges. MAY 06, 2009 (SURYA KANT) shalini JUDGE