1. The petitioner M/s. Haryana Chlorochem, a partnership concern, highlights the rough treatment meted out to it by the respondent nationalised bank which has resulted in choking it before it could even take off. The prayer in ultimate analysis is to issue a writ of mandamus directing the respondent Bank to perform it statutory duties and honour all other commitments made vide letter dated 27/04/1991 and accordingly disburse the loan which was promised to it. The relief as indicated above stems from the following facts :-

The petitioner concern was set up in order to instal a manufacturing plant for the manufacture of Chlorinated Parafine Wax and Hydrochloric Acid at village Kakkar Majra, Tehsil Naraingarh, District Ambala. A detailed project report for the installation of the factory was prepared but inasmuch as the petitioner fell short of funds and was unable to carry out the manufacturing exclusively with its own funds, it approached the financial Institution for raising loan. The branch of respondent-Bank at Naya Gaon - being closest to the Head Office of the petitioner, it became more convenient for the petitioner to approach the same for the desired loan. The necessa