M/S Rehal Steel Industries & ANR v. Oriental Bank Of Commerce & ORS

IN THE HIGH COURT OF PUNJAB AND HARYANA

AT CHANDIGARH CWP No. 4755 of 2017 Decided on : 22.03.2017 M/s Rehal Steel Industries and another . . . Petitioners

Versus

Oriental Bank of Commerce and others . . . Respondents CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITTAL HON'BLE MR. JUSTICE RAMENDRA JAIN PRESENT: Ms. Amanpreet Kaur, Advocate for Mr. Nakul Sharma, Advocate for the petitioners.

Mr. Anil K. Ahluwalia, Advocate for the respondents.

**** AJAY KUMAR MITTAL, J. (Oral) The prayer in this writ petition filed under Articles 226/227 of the Constitution of India inter alia for issuance of a writ in the nature of Mandamus, directing the respondents to consider and finalise the proposal of the petitioners for One Time Settlement (OTS) of loan account. 2.

After arguing for sometime, learned counsel for the petitioners states that she may be allowed to withdraw the present writ petition with liberty to the petitioners to take recourse to the remedies as may be available to them, in accordance with law.

3.

Dismissed as withdrawn. It shall, however, be open to the petitioners to take recourse to the remedies as may be available to them, in accordance with law.

(AJAY KUMAR MITTAL) JUDGE (RAMENDRA JAIN) March 22, 2017 JUDGE J.Ram Whether speaking/reasoned:

Yes/No Whether Reportable:

Yes/No Jawala Ram 2017.03.23 15:05 I attest to the accuracy and authenticity of this document Chandigarh