Sri Mahalakshmi Construction Ventures v. Punjab National Bank

What is this about?

Petitioners challenged the auction notice issued by respondent banks under the SRA via a writ petition. At the hearing, counsel submitted that subsequent developments rendered the writ petition infructuous. The Court dismissed the petition on this ground that it had become infructuous, with no observations on substantive law or the merits of the auction challenge. No relief was granted.