Take notes as you read a judgment using our Virtual Legal Assistant and get email alerts whenever a new judgment matches your query (Query Alert Service). Try out our Premium Member Services -- Sign up today and get free trial for one month.
Punjab-Haryana High Court
M/S Karmanya Enterprises And Ors vs Idfc First Bank Ltd And Anr on 6 May, 2024
Author: Lisa Gill
Bench: Lisa Gill
Neutral Citation No:=2024:PHHC:061929-DB
2024:PHHC:061929-DB
213
IN THE HIGH COURT OF PUNJAB AND HARYANA
AT CHANDIGARH
CWP-19802-2021
Date of Decision:- 06.05.2024
M/S KARMANYA ENTERPRISES AND ORS ....Petitioners
Vs.
IDFC FIRST BANK LTD AND ANR ...Respondents
CORAM:- HON'BLE MRS. JUSTICE LISA GILL
HON'BLE MS. JUSTICE AMARJOT BHATTI
Present:- Mr. Kushagra Mahajan, Advocate for petitioners.
Ms. Nirmal Kaur, Advocate for Mr. Aditya Grover, Advocate
for respondent-Bank.
*****
LISA GILL, J.
1. Prayer in this writ petition is for quashing notice (s) dated 11.04.2021 issued under Section 13 (2) and 07.09.2021 issued under Section 13 (4) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
2. Learned counsel for petitioners when faced with judgments of Hon'ble the Supreme Court 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 seeks to withdraw this writ petition with liberty to petitioners to avail statutory remedy (ies) available to them in accordance with law.
1 of 2 ::: Downloaded on - 08-05-2024 23:02:32 ::: Neutral Citation No:=2024:PHHC:061929-DB CWP-19802-2021 -2- 2024:PHHC:061929-DB
3. Writ petition is accordingly dismissed as withdrawn with liberty as prayed for.
4. Pending miscellaneous application(s), if any, stand disposed of accordingly as well.
(LISA GILL) JUDGE (AMARJOT BHATTI) JUDGE 06.05.2024 snd Whether speaking/reasoned: Yes/No. Whether reportable: Yes/No 2 of 2 ::: Downloaded on - 08-05-2024 23:02:33 :::