Vinay Kumar Garg v. State Bank Of India

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH

CWP No. 30404 of 2018 Decided on : 30.11.2018 Vinay Kumar Garg . . . Petitioner(s)

Versus

State Bank of India . . . Respondent(s) CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITTAL HON'BLE MRS. JUSTICE MANJARI NEHRU KAUL PRESENT: Mr. Rajat Garg, Advocate for the petitioner(s).

Mr. Deepam Raghava, Advocate for Mr. Saurabh Bhardwaj, Advocate for the respondent - Caveator.

**** AJAY KUMAR MITTAL, J. (Oral) The challenge in this writ petition filed under Articles 226/227 of the Constitution of India, is to notice dated 19.11.2018 (Annexure P-3), issued under Section 13(4) of the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (in short 'the Act'). A further prayer for directing the respondent-Bank not to take physical possession of the property of the petitioner, has also been made.

2.

After arguing for sometime, learned counsel for the petitioner states that he may be allowed to withdraw the present writ petition with liberty to the petitioner either to approach the respondent-Bank or take recourse to the alternative remedies as are 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Dismissed as withdrawn.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 (MANJARI NEHRU KAUL) JUDGE November 30, 2018 J.Ram Whether speaking/reasoned:

Yes/No Whether Reportable:

Yes/No JAWALA RAM 2018.12.01 12:45 I attest to the accuracy and authenticity of this document Chandigarh