Des Raj Rice Mill v. Punjab National Bank And Another

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH

CM-14105-CWP-2020 in CWP-3043-2020 (O & M) Date of decision: 08.03.2021 Des Raj Rice Mill .... Petitioner V/s Punjab National Bank and anr.

...Respondent(s)

CORAM:

HON'BLE MR. JUSTICE RAJAN GUPTA HON'BLE MR. JUSTICE KARAMJIT SINGH

Present:

Mr. Ivneet Singh Pabla, Advocate, for the petitioner. Mr. R. S. Bhatia, Advocate, for respondent No.1. ***** Rajan Gupta, J. (Oral Case has been heard through Video Conferencing in view of COVID-19 pandemic.

Application (CM-14105-CWP-2020) is for vacation of stay order. The main case is also listed for hearing today. We, thus, intend to dispose it of.

On a query being put to Mr. Bhatia whether Debt Recovery Tribunal (DRT) is functioning, his answer is in affirmative. As the petitioner has impugned notice under Section 13 (4) of the SARFAESI Act, we have no hesitation in holding that the matter squarely falls within the jurisdiction of the DRT.

Faced with this situation, learned counsel for the petitioner has prayed that he may be allowed to withdraw the present petition with liberty SUKHPREET KAUR 2021.03.08 01:51 I attest to the accuracy and integrity of this document

CM-14105-CWP-2020 in ::2::

CWP-3043-2020 (O & M) to approach the said Forum. He, however, submits that he may be protected for some time.

Dismissed as withdrawn with aforesaid liberty subject to issue of limitation, if any.

Status quo be maintained for a period of 10 days from today. (RAJAN GUPTA) JUDGE (KARAMJIT SINGH ) JUDGE March 08, 2021 sukhpreet Whether speaking/reasoned : Yes/No Whether reportable : Yes/No SUKHPREET KAUR 2021.03.08 01:51 I attest to the accuracy and integrity of this document