C.W.P. Nos.4619 & 4668 of 2009 -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH (1) C.W.P. No.4619 of 2009 Date of decision:20.08.2009. M/s Sunny Enterprises and others ...Petitioners Versus Presiding Officer, Debt Recovery Tribunal-II, Chandigarh and others ...Respondents (2) C.W.P. No.4668 of 2009 Date of decision:20.08.2009. M/s Sheetal Tanneries and others ...Petitioners Versus Presiding Officer, Debt Recovery Tribunal-II, Chandigarh and others ...Respondents CORAM: HON'BLE MR. JUSTICE JASBIR SINGH Present: Ms. Jyoti Sareen, Advocate, for the petitioners. Mr. B.R.Bansal, Advocate, for respondent No.3. ***** JASBIR SINGH, J. This order will dispose of 2 writ petitions bearing Nos.4619 and 4668, both of the year 2009. To dictate order, facts are being taken from CWP No.4619 of 2009. This writ petition has been filed with a prayer to quash order dated 16.02.2009 (P-9) passed by Recovery Officer-I, DRT-II, Chandigarh, ordering sale of the property of the petitioners. When notice of motion was issued on 24.03.2009, following C.W.P. Nos.4619 & 4668 of 2009 -2- contention of counsel for the petitioners was noticed by this Court: - “It is, inter-alia, contended that the petitioners have applied for one-time settlement, which is under active consideration of the Bank and if the auction of the residential house for the recovery of the decretal amount is allowed to be held at this stage, it would frustrate the said proposal.” It has been stated by counsel for the parties that `one time settlement', for an amount of Rs.38 lac (in three loan cases of the petitioners), had been arrived at between the parties. Counsel for respondent No.3 states that, even as per `one time settlement' now arrived at between the parties, some amount still remains to be paid. In view of statement made, these writ petitions are disposed of as having been become infructuous. However, it is made clear that in case petitioners fail to deposit the remaining amount, impugned order passed by Recovery Officer-I, DRT-II, Chandigarh (in these two writ petitions) shall become operative. Disposed of. August 20, 2009. ( JASBIR SINGH ) vinod* JUDGE