M/S S.K. Enterprises v. State Bank Of Patiala And ANR.

CWP-22386-2016 -1HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP-22386-2016 Date of Decision: July 20, 2017 M/s S.K.Enterprises .....Petitioner

Versus

State Bank of Patiala and another ......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.Gaurav Sethi, Advocate for the petitioner.

Mr.D.K.Singal, Advocate for the respondents-Bank.

........

SURYA KANT, J.

The petitioner has already deposited the principal amount of Rs.9,50,000/-(Rs.Nine lacs and fifty thousand only). With a view to finally settle the controversy, it also agrees to pay a sum of Rs.2.60 lacs towards interest. The Bank has accepted petitioner's offer for full and final settlement on payment of Rs.2.60 lacs within a period of two months. It further appears that a cheque of Rs.35,000/- given towards the interest component has dishonored for want of sufficient funds. [2] The petitioner having made a commitment cannot be allowed to wriggle out of it and is directed to honour its commitment and pay the Meenu 2017.07.26 10:57 I attest to the accuracy and authenticity of this document chandigarh

CWP-22386-2016 -2amount of Rs.2.60 lacs to the Bank within a period of two months from today failing which the petitioner shall be required to hand over the possession of the mortgaged shop to the Bank. [3] Disposed of.

( SURYA KANT ) JUDGE July 20, 2017 ( SUDHIR MITTAL ) meenuss JUDGE 1.

Whether speaking/reasoned ?

Yes/No 2.

Whether reportable ?

Yes/No Meenu 2017.07.26 10:57 I attest to the accuracy and authenticity of this document chandigarh