Harwinder Singh v. Debt Recovery Tribunal Lll And ANR

IN THE HIGH COURT OF PUNJAB AND HARYANA

AT CHANDIGARH CWP-17647-2026 Date of Decision: 27.05.2026 HARWINDER SINGH

...Petitioner

Versus

DEBT RECOVERY TRIBUNAL-III AND ANR

...Respondents

CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI Present:- Mr. Karan Bhardwaj, Advocate and Mr. Pardeep Kumar, Advocate, for the petitioner. Mr. Rahul Garg, Advocate, for the respondent-Bank (through V.C.) ***** SUVIR SEHGAL , J. (ORAL) 1.

Counsel for the petitioner states that possession of commercial vehicle (truck) has been forcibly taken by the respondent-Bank on account of default in payment of loan instalments. He states that petitioner is willing to deposit an amount of Rs.2,45,000/- immediately against the outstanding amount and requests that the vehicle be released. 2.

Advance copy of the petition has been served upon respondent No.2-Bank.

3.

Mr. Rahul Garg, Advocate, has put in appearance on behalf of respondent No.2-Bank and states that total overdue amount is Rs.6,50,000/- (approximately). He has instructions to state that in case, petitioner repays the overdue amount, commercial vehicle will be released. Statement of counsel for respondent No.2-Bank is taken on record. HARISH KUMAR 2026.05.30 13:36 I attest to the accuracy and authenticity of this order/judgment

CWP-17647-2026 (2) 4.

Writ petition is disposed of on the basis of the statement of counsel for respondent No.2-Bank.

( SUVIR SEHGAL ) JUDGE ( VIKAS SURI ) May 27, 2026 JUDGE harish Whether speaking/reasoned Yes/No Whether reportable Yes/No HARISH KUMAR 2026.05.30 13:36 I attest to the accuracy and authenticity of this order/judgment