K. SHIVASHANKAR BHAT, J

( 1 ). The petitioner seeks a direction to the respondent not to abandon petitioner s project midway, as conveyed in the communication dated 16-10-1993 (Annexure 20 ). Petitioner also seeks a direction to the respondent to continue to support petitioner s project. According to the petitioner, it applied for a term loan of Rs. 95 lakhs on 18th November, 1988 and on 18th August 1989, respondent Bank sanctioned a loan of Rs. 120 lacs; (the letter Annexure 2, also stated that the detailed terms and conditions applicable to the facility may be obtained from the Nehru Place Branch of the Bank ). Petitioner purchased a land in Punjab. A joint term loan agreement was executed by the petitioner and the respondent on 22nd June, 1990 (Annexure 3 ). Petitioner states that Rs. 25 lacs were disbursed to it towards the loan on 19-8-1990. The loan agreement provides for the waiver of loan disbursements. It seems another Rs. 20 lacs was released to the petitioner by the respondent on 21-12-1990. Thereafter the respondent refrained from releasing further amounts; but on 28-8-1991 the petitioner was informed that further disbursement was permitted.

( 2 ) ABOVE letter permitted

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