Punjab State Warehousing Corporation v. Punjab National Bank And ANR.

IN THE HIGH COURT OF PUNJAB AND HARYANA AT

CHANDIGARH CWP-10604-2016 (O & M) Date of decision: 24.07.2017 Punjab State Warehousing Corporation ....Petitioner V/s Punjab National Bank and anr.

...Respondent(s)

CORAM:

HON'BLE MR. JUSTICE RAJAN GUPTA

Present:

Mr. Vikas Singh, Advocate, for the petitioner. Mr. Arvind Rajotia, Advocate, for respondent No.1. **** Rajan Gupta, J. (Oral) Petitioner in the present petition seeks a writ in the nature of mandamus to allow the petitioner to sell the stocks lying in the godowns of respondent No.2.

While claim of the petitioner-corporation is that the Bank is creating hurdle in sale of stocks lying in godowns of respondent No.2, learned counsel appearing for Punjab National Bank-respondent No.1 submits that the said stocks are pledged with the Bank and are in possession of agent appointed by it.

It appears that the disputed questions of facts are involved. Same cannot be decided in exercise of writ jurisdiction of this court. Petition is, thus, hereby dismissed with liberty to the petitioner to avail alternative remedy, if so advised.

(RAJAN GUPTA) July 24, 2017 JUDGE sukhpreet Whether speaking/reasoned : Yes/No Whether reportable : Yes/No Sukhpreet Kaur 2017.07.31 11:37 I attest to the accuracy and integrity of this document