M/S K Soni Builders And Promoters Pvt Ltd And Another v. Indian Overseas Bank And ORS

IN THE HIGH COURT OF PUNJAB AND HARYANA

AT CHANDIGARH CWP No. 16614 of 2018 Decided on : 11.07.2018 M/s K. Soni Builders . . . Petitioner(s)

Versus

Indian Overseas Bank and others . . . Respondent(s) CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITTAL HON'BLE MR. JUSTICE AVNEESH JHINGAN PRESENT: Mr. Mohit Jaggi, Advocate for the petitioner(s).

Mr. C.S. Pasricha, Advocate for respondent No.1 - caveator.

**** AJAY KUMAR MITTAL, J. (Oral) The petitioner has approached this Court under Articles 226/227 of the Constitution of India, seeking quashing of the notice issued under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, dated 18th April, 2018 (Annexure P-15). A further prayer for directing the respondents not to take any coercive steps in taking possession of the property in question has also been made. 2.

After arguing for sometime, learned counsel for the petitioner states that he may be allowed to withdraw the present writ petition with liberty to the petitioner to take recourse to the remedies as may be available to it, in accordance with law.

3.

Dismissed as withdrawn. It shall, however, be open to the petitioner to take recourse to the remedies as may be available to it, in accordance with law. (AJAY KUMAR MITTAL) JUDGE (AVNEESH JHINGAN) JUDGE July 11, 2018 J.Ram Whether speaking/reasoned:

Yes/No Whether Reportable:

Yes/No Jawala Ram 2018.07.13 11:02 I attest to the accuracy and authenticity of this document Chandigarh