IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Civil Writ Petition No.12485 of 2009 Date of Decision: 18.08.2009 Rakesh Kumar Petitioner Versus State of Haryana and others Respondents CORAM:- HON'BLE MR. JUSTICE JASBIR SINGH Present: Mr.Kulwant Singh Dhanora, Advocate for the petitioner ….. Jasbir Singh, J.(Oral) The petitioner raised loan from respondent No.5. He defaulted in its re-payment. Matter was referred to an Arbitrator, who vide order dated 9.8.2004, directed the respondent-bank to settle loan account of the petitioner, under ‘one time settlement’ scheme, after calculating the interest @ 12%, as per Scheme dated 1.10.2001 and then recover the defaulted amount from the petitioner. It was further ordered that in case the petitioner fails to make the payment as per directions mentioned above, the same be recovered through coercive process. It is contention of counsel for the petitioner that the petitioner is ready and willing to make the payment, as directed vide order, mentioned above, however, respondent No.5 the bank has not prepared loan account of the petitioner, as directed vide order dated 9.8.2004. Civil Writ Petition No.12485 of 2009 During arguments, it transpires that by stating his grievance, the petitioner has sent two representations Annexures P3 and P4, which are pending undecided. Counsel for the petitioner states that the petitioner will be satisfied in case directions are issued to respondent No.2 to decide his representations, as per law and then direct the respondent-bank to comply with the order dated 9.8.2004, passed by the Arbitrator. Counsel further states that in case the loan account is prepared as per order, mentioned above, on receipt of the calculation sheet, he shall make the payment immediately thereafter. In view of facts mentioned above, this writ petition is disposed of by issuing directions to respondent No.2 to take note and decide representations of the petitioner Annexures P3 and P4, as per law, by passing a speaking order. Respondent No.2 is further directed to prepare loan account of the petitioner as directed vide order dated 9.8.2004 by the Arbitrator and supply the same to the petitioner. Needful be done within a period of two months from the date of receipt of a copy of this order. 18.08.2009 (Jasbir Singh) gk Judge 2