Ashok Kumar v. Punjab And Sind Bank And ANR

CWP-14316-2016 (O&M) -1IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH CWP-14316-2016 (O&M) Date of decision: 08.11.2016 Ashok Kumar ..... Petitioner

Versus

Punjab and Sind Bank and another ..... Respondents

CORAM:

HON'BLE MR. JUSTICE AJAY KUMAR MITTAL HON'BLE MR. JUSTICE RAMENDRA JAIN PRESENT: Mr. Saurav Khurana, Advocate for the petitioner. AJAY KUMAR MITTAL, J. (ORAL) CM-13537-2016 Copy of the sale-deed dated 12.05.2003 (Annexure P-10) filed along with the application is taken on record, subject to all just exceptions. Office to tag the same at the appropriate place. CM stands disposed of.

CWP-14316-2016 1.

The petitioner has approached this Court under Articles 226/227 of the Constitution of India, inter alia seeking setting aside of the order dated NIL (Annexure P-6) passed by the respondents whereby the representations of the petitioner dated 04.02.2012 and 05.09.2012 (Annexures P-2 and P-4, respectively) were dismissed and the possessionRishu Kataria 2016.11.10 11:19 I attest to the accuracy and authenticity of this document cum-sale notice dated 08.08.2012 (Annexure P-3) issued under Section

CWP-14316-2016 (O&M) -213(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short 'the SARFAESI Act'). 2.

After arguing for some time, learned counsel for the petitioner submitted that he may be allowed to withdraw the instant petition, with liberty to the petitioner to approach the Debts Recovery Tribunal, under the provisions of the SARFAESI Act.

3.

Dismissed as withdrawn. It shall, however, be open to the petitioner to take recourse to the remedies, as may be available to him, in accordance with law.

( AJAY KUMAR MITTAL ) JUDGE November 08, 2016 ( RAMENDRA JAIN ) rishu JUDGE Whether speaking/reasoned Yes/No Whether Reportable Yes/No Rishu Kataria 2016.11.10 11:19 I attest to the accuracy and authenticity of this document