Punjab-Haryana High Court
Beant Singh And Ors vs Uco Bank on 22 April, 2024
Author: Lisa Gill
Bench: Lisa Gill
Neutral Citation No:=2024:PHHC:053534-DB
2024:PHHC:053534-DB
201
IN THE HIGH COURT OF PUNJAB AND HARYANA AT
CHANDIGARH
CWP-3478-2020
Date of Decision: 22.04.2024
Beant Singh and others
..... Petitioners
Versus
UCO Bank
..... Respondent
CORAM:- HON'BLE MRS. JUSTICE LISA GILL
HON'BLE MRS. JUSTICE AMARJOT BHATTI
Present: Mr. Harnoor Singh Majithia, Advocate for
Mr. Ferry Sofat, Advocate
for the petitioners.
Mr. Vimal Kumar Gupta, Advocate
for respondent-Bank.
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LISA GILL, J.(oral)
1. Prayer in this writ petition is for quashing possession notice dated 22.10.2019 issued under Section 13(4) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short 'SARFAESI Act') by respondent-Bank. There is a further prayer for directing respondent not to initiate further proceedings or to take physical possession of property of petitioner during pendency of present writ petition. Further prayer is also for directing respondent to consider request of petitioners for One Time Settlement (OTS),
2. Learned counsel for petitioners when faced with judgments of Hon'ble Supreme Court of India in Union Bank of India v. Satyawati Tandon and others, 2010(8) SCC 110 and M/s South Indian bank Ltd. and others v. Naveen Mathew Philip and another, 2023(2) RCR (Civil) 771 as well as fact of non-compliance of order dated 10.04.2023, submits that he has instructions to withdraw this writ petition with liberty to 1 of 2 ::: Downloaded on - 25-04-2024 22:12:27 ::: Neutral Citation No:=2024:PHHC:053534-DB CWP-3478-2020 -2- petitioners to avail remedy(ies) available to them in accordance with law.
3. Dismissed as withdrawn with liberty as aforementioned.
4. Pending miscellaneous application(s), if any, stand disposed of accordingly as well.
(LISA GILL) JUDGE (AMARJOT BHATTI) JUDGE 22.04.2024 lalit Whether speaking/reasoned: Yes/No Whether reportable: Yes/No 2 of 2 ::: Downloaded on - 25-04-2024 22:12:27 :::