The Jammu & Kashmir Bank Ltd. v. State Of Haryana & ORS

CWP-26065-2015 -1HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP-26065-2015 Date of Decision: July 26, 2017 The Jammu & Kashmir Bank Limited .....Petitioner

Versus

State of Haryana 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.Aalok Jagga, Advocate with Ms.Seerat, Advocate for the petitioner.

Mr.Naveen S.Bhardwaj, Advocate for respondent Nos.4&5.

........

SURYA KANT, J.

Learned counsel for the petitioner-Bank states that proposal of the borrowers for 'One time Settlement' has been accepted by the Bank and it has been decided to settle the account on lump sum payment of Rs.80 lacs including Rs.35 lacs already deposited by the borrowers. In this manner, the borrowers would pay the balance amount of Rs.45 lacs by 30.09.2017. The borrowers have already issued a cheque dated 25.09.2017 in the sum of Rs.45 lacs. This would render the writ petition infructuous, at this stage. Ordered accordingly.

The possession of the residential house be restored to the Meenu 2017.07.28 10:58 I attest to the accuracy and authenticity of this document chandigarh

CWP-26065-2015 -2respondent-borrowers subject to the condition that in the event of nonpayment of the agreed amount, the Bank shall be entitled to repossess the same.

( SURYA KANT ) JUDGE July 26, 2017 ( SUDHIR MITTAL ) meenuss JUDGE 1.

Whether speaking/reasoned ?

Yes/No 2.

Whether reportable ?

Yes/No Meenu 2017.07.28 10:58 I attest to the accuracy and authenticity of this document chandigarh