IN THE HIGH COURT FOR THE STATES OF PUNJAB AND HARYANA AT CHANDIGARH. C.W.P. No. 3045 of 2009. Date of Decision: 30th March, 2009. M/s Punjab Service Centre ...Petitioner through Mr. K.S.Rekhi, Advocate Versus ICICI Bank Limited ...Respondent through Mr. Sandeep Suri, Advocate. 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? SURYA KANT, J. [ORAL) The petitioner seeks a Mandamus to permit him to sell his property situated near Malwa Quila, Rehamatgarh, Cold Store Naba Road, Malerkotla, District Sangrur which is a `secured asset'. The petitioner wants to dispose of the said property to discharge its loan liability. Notice of motion was issued and in response thereto, the respondent Bank has put in appearance. Learned counsel for the respondent Bank submits that they have no objection against disposal of the `secured assets' by the petitioner, provided that the sale takes place through a tripartite agreement. The petitioner has no objection to that. In view of the agreed stand taken by learned counsel for the parties, this writ petition is disposed of with a direction that the petitioner may find out a prospective buyer for the sale of his mortgaged property on or before 31.07.2009 and may enter into a Tripartite Agreement, to which the respondent Bank shall also be a party. It is directed that the sale consideration including earnest money, if any, shall be directly paid to the Bank to the extent of its loan liability. In case the petitioner fails to find out the buyer within the stipulated period, the respondent Bank shall be at liberty to take recourse to the provisions of Section 13 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Disposed of. Dasti. March 30, 2009. ( SURYA KANT ) dinesh JUDGE