IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Civil Writ Petition No.20138 of 2009 Date of Decision : December 02, 2010. Avdhesh Kumar .....Petitioner versus State Bank of India .....Respondent CORAM : HON'BLE MR.JUSTICE SURYA KANT. Present : Mr.Joginder Sharma, Advocate, for the petitioner. Mr.Vikas Chatrath, Advocate, for the respondent. -.- 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 possession notice dated 25.11.2009 (Annexure P-1) issued by the respondent-bank under Section 13 (4) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as 'the 2002 Act'). The impugned action has been taken as the petitioner's C.C. Account was declared NPA. It is stated by learned counsel for the respondent-bank that during the pendency of this writ petition, the petitioner applied for settlement of his loan account under the OTS-SME 2010 and vide order dated 3.8.2010, the bank has accepted the petitioner's C.W.P.No .20138 of 2009 2 request. In terms of the OTS-SME 2010, the petitioner is required to deposit the settled dues by 31.3.2011. In this view of the matter, the writ petition is disposed of as per the One Time Settlement between the parties. However, in the event of any further dispute and in the light of the recent decision by the Hon'ble Supreme Court dated 26.7.2010 in Civil Appeal No.5990 of 2010 (United Bank of India versus Satyawati Tondon and others), the petitioner shall be at liberty to approach the Debt Recovery Tribunal. Ordered accordingly. Dasti. December 02, 2010 (SURYA KANT) Mohinder JUDGE