IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH. CIVIL WRIT PETITION NO. 13539 OF 2009 DATE OF DECISION : September 01, 2009. Parties Name Gramudyog Karya Karta Sangh ...PETITIONER VERSUS Union of India and others ...RESPONDENTS CORAM: HON'BLE MR. JUSTICE JASBIR SINGH PRESENT: Mr. Hari Om Attri, Advocate, for the petitioner. JASBIR SINGH, J. (oral) ORDER: Petitioner raised a loan from respondent No. 3. It defaulted in making repayment of the same. It mortgaged its property with respondent No. 3 to secure repayment of the loan. When, despite issuance of notices under Sections 13(2) and (4) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, petitioner failed to repay the loan, respondent No. 3 proceeded to auction the land . The same is stated to be fixed for September 4, 2009. Against action taken by respondent No. 3, petitioner may approach the authority concerned under the Act, as remedy of appeal is available to it. At the time of hearing, to save property of the petitioner, it was proposed to counsel for the petitioner that let the petitioner deposit CIVIL WRIT PETITION NO. 13539 OF 2009 -2- with the respondent - Bank 1/3rd of the defaulted amount, i.e., about Rs. 30 Lakhs within a week from today. However, on getting instructions from the petitioner, it is stated by its counsel that no money is available with the petitioner to make payment. No case is made out for interference. Dismissed. ( Jasbir Singh ) Judge September 01, 2009. DKC