Rajesh Arora v. Central Bank Of India & ANR

CWP-23346-2016 -1IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH CWP-23346-2016 Date of decision: 15.11.2016 Rajesh Arora ..... Petitioner

Versus

Central Bank of India and others ..... Respondents

CORAM:

HON'BLE MR. JUSTICE AJAY KUMAR MITTAL HON'BLE MR. JUSTICE RAMENDRA JAIN PRESENT: Mr. Aalok Jagga, Advocate for the petitioner. AJAY KUMAR MITTAL, J. (ORAL) 1.

The petitioner has approached this Court under Articles 226/227 of the Constitution of India inter alia seeking quashing of possession notice dated 14.10.2016 (Annexure P-5) and sale notice dated 26.10.2016 (Annexure P-7) issued by respondent No. 1 under the provisions of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, inspite of the fact that respondent-Bank had settled the matter under compromise in National Lok Adalat. 2.

After arguing for sometime, when learned counsel for the petitioner was confronted that there is no statement of the bank official appended with the present petition, learned counsel prayed that he may be allowed to withdraw the present petition, with liberty to the petitioner to Rishu Kataria 2016.11.16 11:14 I attest to the accuracy and authenticity of this document

CWP-23346-2016 -2approach the Debts Recovery Tribunal, after getting the copy of statement of the bank official.

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Dismissed as withdrawn.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 15, 2016 ( RAMENDRA JAIN ) rishu JUDGE Whether speaking/reasoned Yes/No Whether Reportable Yes/No Rishu Kataria 2016.11.16 11:14 I attest to the accuracy and authenticity of this document