Palvinder Pal Singh Narli And Another v. Uco Bank And Others

IN THE HIGH COURT OF PUNJAB AND HARYANA

AT CHANDIGARH CWP No. 37820 of 2018 Decided on : 20.12.2018 Palvinder Pal Singh Narli and another . . . Petitioner(s)

Versus

UCO Bank and others . . . Respondent(s) CORAM: HON'BLE MR. JUSTICE AJAY KUMAR MITTAL HON'BLE MR. JUSTICE SUDIP AHLUWALIA PRESENT: Mr. Liaqat Ali, Advocate for the petitioner(s).

**** AJAY KUMAR MITTAL, J. (Oral) The challenge in this writ petition filed under Articles 226/227 of the Constitution of India, is to the notice dated 07.12.2018 (Annexure P-4), passed by respondent No.3, vide which the petitioners have been directed to hand over the vacant possession of the house/property in dispute the respondent-Bank. A further prayer for issuing direction to respondents No.1 & 2 to enter into One Time Settlement with the petitioners, has been made. 2.

After arguing for sometime, learned counsel for the petitioners submitted that he may be allowed to withdraw the present writ petition with liberty to the petitioners either to approach the respondent-Bank or take recourse to the alternative remedies as may be available to the petitioners under the provisions of Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002.

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Dismissed as withdrawn.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 (SUDIP AHLUWALIA) JUDGE December 20, 2018 J.Ram Whether speaking/reasoned:

Yes/No Whether Reportable:

Yes/No JAWALA RAM 2018.12.21 16:14 I attest to the accuracy and authenticity of this document Chandigarh