Chandrika Gupta v. Indian Overseas Bank

CWP-272-2025

IN THE HIGH COURT OF PUNJAB AND HARYANA

AT CHANDIGARH CWP-272-2025 Date of decision : 15.01.2025 Chandrika Gupta

...Petitioner

Vs.

Indian Overseas Bank

...Respondent

CORAM: HON'BLE MR. JUSTICE ANUPINDER SINGH GREWAL HON'BLE MR. JUSTICE DEEPAK MANCHANDA

Present:

Mr. Vikas Bali, Advocate for the petitioner.

Mr. Gaurav Goel, Advocate for the respondent-Bank.

*** ANUPINDER SINGH GREWAL , J.(Oral) Learned counsel for the respondent-Bank on instructions from Roushan Kumar, Chief Manager, Indian Overseas Bank submits that the outstanding dues are Rs.28,10,000/- and in case the petitioner pays the same within two days, respondent-Bank shall withdraw auction notice and release the title deed.

2.

Learned counsel for the petitioner submits that in view of the above, he shall deposit the entire amount within two days in terms of the statement of the learned counsel for respondent-Bank. 3.

In view of the above, the petition is disposed of with a direction to petitioner to pay outstanding amount within two days. In the event of petitioner VANITA 2025.01.15 05:43 I attest to the accuracy and authenticity of this order and judgment

CWP-272-2025 not making the payment of the afore-noted amount within two days, the respondent-Bank would be at liberty to proceed under the SARFAESI Act. 4.

The petition stands disposed of accordingly.

(ANUPINDER SINGH GREWAL ) JUDGE (DEEPAK MANCHANDA) JUDGE 15.01.2025 vanita Whether speaking/reasoned :

Yes No Whether Reportable :

Yes No VANITA 2025.01.15 05:43 I attest to the accuracy and authenticity of this order and judgment