Gurjeet Singh v. Kotak Mahindra Bank & ORS

IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH

CWP-26081-2016 Date of decision: 16.12.2016 Gurjeet Singh ..... Petitioner

Versus

Kotak Mahindra Bank Ltd. and others ..... Respondent

CORAM:

HON'BLE MR. JUSTICE AJAY KUMAR MITTAL HON'BLE MR. JUSTICE RAMENDRA JAIN PRESENT: Mr. Maninder Arora, 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 order dated 16.09.2016 (Annexure P-4) passed by respondent No. 3 under the provisions of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short 'the Act'). 2.

After arguing for sometime, learned counsel for the petitioner submitted that he may be allowed to withdraw the present petition, with liberty to the petitioner to take recourse to the alternative remedies under Section 17 of the Act or any other remedy as may be available to him, 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Dismissed as withdrawn.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 him, in accordance with law.

( AJAY KUMAR MITTAL ) JUDGE December 16, 2016 ( RAMENDRA JAIN ) rishu JUDGE Whether speaking/reasoned Yes/No Whether Reportable Yes/No Rishu Kataria 2016.12.19 11:38 I attest to the accuracy and authenticity of this document