CWP No.16937 of 2010.doc - 1 – HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH **** CWP No.16937 of 2010 (O&M) Date of Decision: 03.12.2010 **** Pawan Kumar & Ors. . . . . Petitioners VS. ICICI Bank & Anr. . . . . Respondents **** CORAM : HON’BLE MR.JUSTICE SURYA KANT **** 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? **** Present: Mr. Vishal Aggarwal, Advocate for the petitioner Mr. RM Suri, Advocate for the respondents ***** SURYA KANT J. (ORAL) (1). Counsel for the petitioner has handed over a demand draft bearing No.220168 dated 02.12.2010 in the sum of `5,07,831/- drawn on the Punjab National Bank to the counsel for respondents. He further submits that the balance amount towards late payment, penalty/interest, if any, shall also be paid by the petitioners within one week from the date of receipt of their details. (2). Learned counsel for the respondents states that soon after the deposit of the said amount, the petitioner’s account shall stand regularized. (3). In this view of the matter and subject to the condition that the petitioners shall deposit the CWP No.16937 of 2010.doc - 2 – arrears of penalty/interest etc., if any, as per the undertaking given above and shall continue to pay the future instalments regularly, the respondent- Bank is directed not to take any further action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. However in the event of failure, the respondent-Bank shall be at liberty to proceed against the petitioners in accordance with law. (4). Ordered accordingly. Dasti. 03.12.2010 vishal shonkar (SURYA KANT) JUDGE