IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Civil Writ Petition No.22250 of 2010 Date of Decision : December 14, 2010. M/s Shri Krishan Bajrang Lal Tantia, Commission Agents and others .....Petitioners versus Punjab National Bank and others .....Respondents CORAM : HON'BLE MR.JUSTICE SURYA KANT. Present : Mr.A.K.Chopra, Senior Advocate with Mr.Rajneesh Chauhan, Advocate, for the petitioners. -.- 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 petitioners are aggrieved by the action of the respondent- bank in auctioning the `secured assets' alleging in violation of the Rules framed under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as 'the 2002 Act'). In order to make out a prima-facie case that the `secured assets' have been sold in a clandestine manner, it is pointed out that the buyer is none else but the wife of an employee of the bank and the second bidder was also a bank official. It is averred that no valuation of the C.W.P.No .22250 of 2010 2 property has been got done before the auction. The petitioners have further pointed out only selective and partial information has been supplied to them under the Right to Information Act, due to which they could not approach the Debt Recovery Tribunal, under Section 17 of Act, well in time. Having heard learned counsel for the petitioners, it appears that some of the issues raised on their behalf, need to be gone into by the Debt Recovery Tribunal, after summoning the relevant records. The writ petition is accordingly disposed of at this stage with liberty to the petitioner to move an Application before the Tribunal. It is directed that in case the petitioners approach the Tribunal within a period of two weeks, the Tribunal shall consider their prayer for condonation of delay sympathetically with an endeavour to decide all the issues on merit. Dasti. December 14, 2010 (SURYA KANT) Mohinder JUDGE