M/S Gian Di Hatti And Others v. State Bank Of India And Another

IN THE HIGH COURT OF PUNJAB AND HARYANA

AT CHANDIGARH CWP No. 4833 of 2019 Decided on : 25.02.2019 M/s Gian Di Hatti and another . . . Petitioner(s)

Versus

State Bank of India and another . . . Respondent(s) CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITTAL HON'BLE MRS. JUSTICE MANJARI NEHRU KAUL PRESENT: Mr. I.S. Ratta, Advocate for the petitioner(s).

**** AJAY KUMAR MITTAL, J. (Oral) Petitioner has approached this Court under Articles 226/227 of the Constitution of India, seeking direction to the respondents to accept the offce of petitioner No.1 for settlement of Cash Credit Loan Account of its business firm namely M/s Gian Di Hatti in terms of the SBI One Time Settlement Scheme (OTS) and further direct the respondents to allow the petitioners to liquidate the dues of aforesaid account in terms of the aforesaid OTS Scheme. A further prayer for issuing directions to the respondents not to take any action of coercive recovery of the outstanding dues relating to the Cash Credit Loan Account of petitioner No.1 under the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (in short 'the SARFAESI Act, 2002') qua the immovable properties of the petitioners.

2.

At the outset, learned counsel for the petitioner submitted that inadvertently certain typographical errors have crept in the writ petition, therefore, he may be allowed to withdraw the present writ petition with liberty to the petitioners to file fresh one on the same cause of action with better particulars. 3.

Dismissed as withdrawn with liberty as prayed for. (AJAY KUMAR MITTAL) JUDGE (MANJARI NEHRU KAUL) JUDGE February 25, 2019 J.Ram Whether speaking/reasoned:

Yes/No Whether Reportable:

Yes/No JAWALA RAM 2019.02.26 17:04 I attest to the accuracy and authenticity of this document Chandigarh