Sandeep Kumar v. Punjab National Bank And ORS

I N THE HI GH COURT OF PUNJAB AND HARYANA AT CHANDI GARH CWP- 7366- 2016 Dat e of deci si on: - 25. 04. 2016 Sandeep Kumar . . . Pet i t i oner Ver sus Punj ab Nat i onal Bank and ot her s . . . Respondent s CORAM: HON' BLE MR. JUSTI CE S. J. VAZI FDAR, ACTI NG CHI EF JUSTI CE HON' BLE MR. JUSTI CE ARUN PALLI Pr esent : - Mr . Raj ni sh K. Gupt a, Advocat e, f or t he pet i t i oner .

* * * * S. J. VAZI FDAR, A. C. J. ( ORAL) The pet i t i oner has chal l enged a not i ce under Sect i on 13( 4) i ssued by t he r espondent s under t he Secur i t i zat i on and Reconst r uct i on of Fi nanci al Asset s and Enf or cement of Secur i t y I nt er est Act , ( i n shor t SARFAESI Act ) .

2.

The pet i t i oner has r ai sed var i ous cont ent i ons of f act i ncl udi ng of col l usi on and f r aud. Ther e i s no war r ant f or i nt er f er i ng i n such a mat t er i n exer ci se of our wr i t j ur i sdi ct i on when t he pet i t i oner has an al t er nat e r emedy under t he SARFAESI Act .

3.

The pet i t i on i s, t her ef or e, di sposed of wi t h l i ber t y t o t he pet i t i oner t o avai l t he al t er nat e r emedy. ( S. J. VAZI FDAR) ACTI NG CHI EF JUSTI CE ( ARUN PALLI ) JUDGE

25. 04. 2016 Amodh AMODH SHARMA 2016.04.26 12:19 I attest to the accuracy and authenticity of this document chandigarh