IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Civil Writ Petition No.18053 of 2010 Date of Decision : November 01, 2010. M/s Gurukul International School and another .....Petitioners versus Central Bank of India and others .....Respondents CORAM : HON'BLE MR.JUSTICE SURYA KANT. Present : Mr.Diwan Sharma, Advocate, for the petitioners. Mr.I.P.Singh, Advocate for the caveator-respondent. -.- 1. Whether Reporters of Local papers may be allowed to see the judgment? 2. To be referred to the Reporters or not? 3. Whether the judgment should be reported in the Digest? --- Surya Kant, J. (Oral) The petitioners are aggrieved by the sale notice dated 5.9.2010 (Annexure P-35) whereby the mortgaged property was to be auctioned by the respondent-bank by inviting the tenders. On the last date of hearing, the matter was adjourned on request to enable the petitioners to bring some prospective buyer who might be willing to discharge the loan liability. Today, one Mr.G.K.Bagaria has come present in Court and states that he is willing to pay the NPA amount of Rs.52,50,000/- subject to the consideration of the One Time Settlement offered to the respondent- bank. C.W.P.No .18053 of 2010 2 The above-stated proposal is not acceptable to learned counsel for the respondent-bank. It is also not in dispute that the petitioners have approached the Debt Recovery Tribunal and the matter is still pending. The writ petition is accordingly disposed of with liberty to the petitioners to contest all the issues before the Debt Recovery Tribunal, who shall consider the same in accordance with law. Dasti. November 01, 2010 (SURYA KANT) Mohinder JUDGE