M/S Blue Star Steel Industries v. State Of Haryana And Others

CWP-20565-2022 (O&M) 2023:PHHC:140831-DB 1

IN THE HIGH COURT OF PUNJAB AND HARYANA

AT CHANDIGARH (211) CWP-20565-2022 (O&M) Date of Decision: 06.11.2023 M/S Blue Star Steel Industries

...Petitioner

Versus

State of Haryana and others

...Respondents

CORAM: HON'BLE MRS. JUSTICE LISA GILL HON'BLE MRS. JUSTICE RITU TAGORE

Present:

Mr. Aman Joon, Advocate for the petitioner.

Mr. Sukhdeep Parmar, Sr. DAG, Haryana.

Mr. D.K. Gupta, Advocate for respondent No.3-Bank.

**** LISA GILL, J (ORAL) 1.

Prayer in this writ petition is for setting aside notice dated 10.05.2021 (Annexure P-5) under Section 13 (2), notice dated 04.09.2021 (Annexure P-6) under Section 13 (4) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short 'SARFAESI Act') as well as order dated 19.04.2022 (Annexure P-10) passed by District Magistrate, Karnal under Section 14 of SARFAESI Act. 2.

Learned counsel for petitioner submits that he has instructions to withdraw this writ petition with liberty to petitioner to challenge the decision of Designated Committee rejecting petitioner's claim for restructuring in accordance with law.

MANPREET SINGH 2023.11.10 13:51 I attest to the accuracy and authenticity of this order/judgment

CWP-20565-2022 (O&M) 2023:PHHC:140831-DB 2 3.

Writ petition is accordingly dismissed as withdrawn with liberty as aforesaid without expression of any opinion on merits of the matter or even entertainability thereof.

4.

Pending miscellaneous applications, if any, stand disposed of accordingly.

(LISA GILL) JUDGE (RITU TAGORE) JUDGE November 06, 2023 Manpreet Whether speaking/reasoned :

Yes/No Whether reportable :

Yes/No MANPREET SINGH 2023.11.10 13:51 I attest to the accuracy and authenticity of this order/judgment