CWP No.4300 of 2011 (O&M) [1] IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP No.4300 of 2011 (O&M) Date of Decision: 02.08.2011 Sushma Rani ... Petitioner Versus Central Bank of India and another ... Respondents CORAM: HON'BLE MR. JUSTICE K. KANNAN Present: Mr. Vivek Goyal, Advocate, for the petitioner. Mr. C.S. Pasricha, Advocate, for respondents. ***** 1. Whether reporters of local papers may be allowed to see the judgment? NO 2. To be referred to the reporters or not? NO 3. Whether the judgment should be reported in the digest? NO K. KANNAN, J. (Oral) The writ petition challenges the action taken under the SRFAESI Ac, 2002. The contention of the petitioner is that he had already filed a civil suit and proceedings under SRFAESI Act is barred. This issue as regards the maintainability has been answered by Supreme Court in “Transcore v. Union of India and another, (2008) 1 SCC 125” holding that there is no bar for invoking the provisions of SRFAESI Act. The appropriate remedy for the petitioner will be only to prefer an appeal under Section 17 of the SRFAESI Act before the Debts Recovery Tribunal for any grievance that the petitioner may still have. Reserving the right of the petitioner to the liberty prosecuting the appeal before the Debts Recovery Tribunal, the writ petition is disposed CWP No.4300 of 2011 (O&M) [2] of. The petitioner will be entitled to seek for exclusion of the time taken bona fide for prosecuting the proceedings before this Court and if such an application is moved, the Debts Recovery Tribunal may consider the issue of exclusion of time for computing the period of limitation. 02nd August, 2011 ( K. KANNAN ) Rajan JUDGE