M/S Kranacx Pvt Ltd Company And ANR v. Axis Bank Ltd And ANR

2023:PHHC:133887-DB

IN THE HIGH COURT OF PUNJAB AND HARYANA AT

CHANDIGARH CWP-16033-2022 (O&M) Date of Decision : 13.10.2023 M/s Kranacx Private Ltd. Company and Another .

....Petitioners

VERSUS

Axis Bank Ltd. And Another ....Respondents CORAM : HON'BLE MRS. JUSTICE LISA GILL HON'BLE MRS. JUSTICE RITU TAGORE

Present:

Mr. Ankur Pandey, Advocate Mr. Manuj Nagrath, Advocate for the petitioners. Mr. Deepak Jain, Advocate for respondent No.1. Mr. Abhay Gupta, Advocate for the respondent No.2. -.- LISA GILL, J. (Oral) 1.

This writ petition has been filed for setting aside notice dated 28.07.2021 issued under Section 13(2) and possession notice dated 25.02.2022 under Section 13(4) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. 2.

Learned counsel for the petitioners submits that present writ petition is rendered infructuous as accounts of the petitioners have been settled and closed. The same fact is verified by the learned counsel for the respondents.

TRIPTI SAINI 2023.10.21 10:30 I attest to the accuracy and integrity of this document Chandigarh

2023:PHHC:133887-DB CWP-16033-2022 (O&M) -23.

Keeping in view the above, present w (LISA GILL) JUDGE October 13, 2023 (RITU TAGORE) tripti JUDGE NOTE : Whether speaking/non-speaking : Speaking Whether reportable : YES/NO TRIPTI SAINI 2023.10.21 10:30 I attest to the accuracy and integrity of this document Chandigarh