IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Civil Revision No. 617 of 2011 Date of decision: February 11, 2011 Hirde Pal Singh .. Petitioner Vs. Kotak Mahindra Bank Ltd. .. Respondent Coram: Hon'ble Mr. Justice A.N. Jindal Present: Mr. J.S. Bagga, Advocate for the petitioner. Mr. Gulzar Mohd. Advocate for the respondent. A.N. Jindal, J (Oral) The petitioner has invoked the provisions of Article 227 of the Constitution of India for quashing the ex- parte order dated 4.1.2011 (Annexure P1) passed by the trial court. After hearing the parties at length, since the machinery is lying in the police station as unused and the petitioner is suffering a great loss and the petitioner has undertaken to pay the E.M.I.s outstanding against him as of now to the tune of Rs.2,06,500/- and further to furnish the bank guarantee for the payment of the remaining amount to be paid by him, therefore, as an interim measure, it is directed that the machinery as taken into custody by the receiver would be released to the petitioner on payment of Rs.2,06,500/- to the respondents on account of E.M.Is. and further on furnishing bank guarantee to the tune of Rs.15 lacs to the satisfaction of the trial court. Disposed of accordingly. February 11, 2011 (A.N. Jindal) deepak Judge