Civil Writ Petition No.12061 of 2009 -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Civil Writ Petition No.12061 of 2009 Date of decision:03.09.2009. Gurmeet Singh ...Petitioner Versus Vijaya Bank ...Respondent CORAM: HON'BLE MR. JUSTICE JASBIR SINGH Present: Mr. Narender Lucky, Advocate, for the petitioner. Ms. Shikha Sharma, Advocate, for Mr. Vikas Kumar, Advocate, for the respondent. ***** JASBIR SINGH, J. (ORAL). This writ petition has been filed to lay challenge to the notice dated 11.07.2009 (P-2) vide which symbolic possession of the property, mortgaged by the petitioner as a security for repayment of loan, was taken over by the respondent – Bank. Though, this writ petition was not competent, however, with a view to save property of the petitioner and also to secure interest of the Bank, following order was passed by this Court on 12.08.2009 :- “Counsel for the petitioner states that the Bank has taken only symbolic possession by invoking the provisions of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. He further states that the property has not yet been sold. Counsel undertakes that the petitioner shall deposit an amount of Rs.1,75,000/- with the respondent – Bank within 15 days Civil Writ Petition No.12061 of 2009 -2- from today. Notice of motion for 3.9.2009. Further coercive proceedings shall remain stayed. It is made clear that if the petitioner fails to make payment, as undertaken, this writ petition shall be dismissed on the next date of hearing.” Amount undertaken has not been deposited. In view of above, this writ petition fails and is dismissed. However, liberty shall remain with the petitioner to agitate his rights before any other Forum, as per law. September 03, 2009 (JASBIR SINGH) vinod* JUDGE