IN THE HIGH COURT FOR THE STATES OF PUNJAB AND HARYANA AT CHANDIGARH. C.W.P. No. 2063 of 2009. Date of Decision: 11th February, 2009. Anil Kumar Jindal .... Petitioner through Mr. Sanjiv Kaushik, Advocate Versus District Magistrate, Karnal & Ors. Respondents through Mr. R.D.Sharma, Sr. DAG, Haryana Mr. Alok Jagga, Advocate for respondents No. 2 and 3. 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 quashing of the orders dated 16.10.2008 and 30.1.2009 [Annexures P-3 and P-8] whereby the possession of his residenti8al house bearing No. 14, Ward No. 2, Indri, District Karnal, has been taken and the same is being put to auction for recovery of arrears of loan amount. Suffice it to note that according to the Bank, the petitioner has taken a house loan in addition to Cash Credit Limit and Over- Draft facility from the respondent Bank. According to the respondents, the petitioner's loan liability, at present is not less than Rs.8 lacs. The petitioner, on the other hand, has disputed the Statement of Accounts. However, the said controversy need not be gone into by this Court as the matter is already pending before the Debts Recovery Tribunal, Chandigarh. The only limited issue raised in this writ petition pertains to the delivery of possession of the petitioner's residential house. After arguing the case for some time, learned counsel for the parties have agreed for disposal of this writ petition in the following terms:- [i] the petitioner undertakes to pay a sum of Rs. 10 lacs to the respondent Bank on or before 18.2.2009; [ii] in case the petitioner deposits the afore-stated amount of Rs.10 lacs, the respondent Bank shall deliver possession of the said residential house on the very next day, i.e., 19.2.2009; [iii] however, if the petitioner deposits the afore-stated amount of Rs.10 lacs even before 18.2.2009, the respondent is directed to re-deliver the possession of the house to the petitioner either on the same day or before noon on the next day; [iv] the petitioner further undertakes to pay another sum of Rs.10 lacs on or before 7.3.2009; [v] besides the entire arrears of house loan amount which the petitioner is required to deposit before 30.4.2009, he shall deposit another sum of Rs.10 lacs before the said date with the respondent Bank. The balance amount including interest, if any, shall be deposited by the petitioner before 30.8.2009; [vi] if the petitioner continues to deposit the installments as per the Schedule, given above, the respondent Bank shall not take possession of the house nor would it put any mortgaged property of the petitioner to auction; [vii] the petitioner shall deposit the afore-stated installments without prejudice to his right in the pending case before the DRT, Chandigarh; [viii] the petitioner, however, shall be entitled to dispose of the mortgaged properties in association with the Bank in such a manner that the entire sale proceeds are directly paid to the Bank; [ix] symbolic possession of the mortgaged properties, however, shall continue to remain with the respondent Bank only. Disposed of. Dasti. February 11, 2009. ( SURYA KANT ) dinesh JUDGE