Gurdev Singh And ANR v. Lic Housing Finance Ltd And ANR

IN THE HIGH COURT OF PUNJAB AND HARYANA

AT CHANDIGARH CWP No. 11685 of 2019 Decided on : 06.05.2019 Gurdev Singh and another . . . Petitioner(s)

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LIC Housing Finance Ltd. and another . . . Respondent(s) CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITTAL HON'BLE MRS. JUSTICE MANJARI NEHRU KAUL PRESENT: Mr. Deepak Goyal, Advocate, for the petitioner(s). **** AJAY KUMAR MITTAL, J. (Oral) Petitioners have approached this Court under Articles 226/227 of the Constitution of India, seeking quashing of the impugned notice issued under Section 3(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (in short 'the Act') (Annexure P-2) and order dated 26th April, 2009 (Annexure P-4), issued by respondent No.2. A further prayer for issuing direction to the respondents to settle the house loan account bearing No. 14014010394 of the petitioners, has also been made. 2.

After arguing for sometime, learned counsel for the petitioners submitted that he may be allowed to withdraw the present writ petition with liberty to the petitioners to take recourse to the alternative remedies as are available to them, in accordance with law.

3.

Dismissed as withdrawn. It shall, however, be open to the petitioners to take recourse to the remedies as may be available to them, in accordance with law. (AJAY KUMAR MITTAL) JUDGE (MANJARI NEHRU KAUL) JUDGE May 06, 2019 J.Ram Whether speaking/reasoned:

Yes/No Whether Reportable:

Yes/No JAWALA RAM 2019.05.08 15:18 I attest to the accuracy and authenticity of this document Chandigarh