Kochar Overseas Pvt Ltd And ORS v. Debts Recovery Tribunal-Ii And ORS

HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP-18727-2017 Date of Decision: August 23, 2017 Kochar Overseas Private Limited and others .....Petitioners

Versus

The Debts Recovery Tribunal and others ......Respondents CORAM: HON'BLE MR.JUSTICE SURYA KANT HON'BLE MR. JUSTICE SUDHIR MITTAL 1.

To be referred to the Reporters or not?

Yes/No 2.

Whether the judgment should be reported in the Digest? Yes/No.

3.

Whether Reporters of local papers may be allowed to see the judgment? Yes/No .......

Present:

Mr. Atul Sharma, Advocate for the petitioners. Mr. D.K.Gupta, Advocate for respondent No.3-Bank. ........

SURYA KANT, J.

Learned counsel for the respondent-Bank states that he has no objection if the impugned order dated 24.03.2017 is set aside and the Debt Recovery Tribunal, Chandigarh is directed to decide the petitioner's SA on merits.

In view of the statement made by learned counsel for the respondent-Bank, writ petition is allowed. The impugned order dated 24.03.2017 is set aside and the Debt Recovery Tribunal, Chandigarh, before whom the SA is to be listed, is directed to decide the same on merits and in accordance with law.

Parties are directed to appear before the Debt Recovery Tribunal on 28.08.2017.

( SURYA KANT ) JUDGE August 23, 2017 ( SUDHIR MITTAL ) meenuss JUDGE 1.

Whether speaking/reasoned ?

Yes/No 2.

Whether reportable ?

Yes/No Meenu 2017.08.24 10:40 I attest to the accuracy and authenticity of this document chandigarh