IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH C.W.P NO. 2833 OF 2009 DECIDED ON : 24.02.2009 Ravi Engg. And others ...Petitioners versus UCO Bank and others ...Respondents CORAM : HON'BLE MR. JUSTICE SURYA KANT Present : Mr. H. C. Arora, Advocate, for the petitioners. SURYA KANT, J. (ORAL) The petitioners seek a restrain order against finalization of the tenders invited by the Authorized Officer of UCO Bank, Chandigarh for auctioning their residential house- cum-workshop in Old Mall Mandi, Batala. It is a fact that recovery suit filed by the respondent- bank has been decreed against the petitioners by the Debts Recovery Tribunal-I, Chandigarh vide judgment dated 22.12.2008. The petitioners have preferred appeals against the said judgments before the Debts Recovery Appellate Tribunal, Delhi, alongwith prayer for interim stay. It appears that there was some delay in filing of the appeals, consequently, the Appellate Tribunal has issued notice in the application for condonation of delay for 06.03.2009. Meanwhile, the decree holder-bank has issued a public notice inviting tenders for auctioning of the residential house- C.W.P NO. 2833 OF 2009 -2- cum-workshop - a 'secured asset' situate at Old Mall Mandi, Batala. As per the public notice, the tenders are to be opened on 26.02.2009. The petitioners' grievance is that in case the respondent-bank disposes of the secured assets towards satisfaction of the decree passed in its favour by the Debts Recovery Tribunal, their statutory appeals would be rendered infructuous. Having heard learned counsel for the petitioners and considering the facts noticed above and the nature of relief sought in this writ petition, I deem it appropriate to dispose of the same with a direction to respondents No.1 and 2 not to open the tenders invited for auctioning of the residential house-cum- workshop of the petitioners on 26.02.2009 till the interim stay application moved by the petitioners before the Debts Recovery Tribunal, Delhi is taken up for hearing. Disposed of. Copy of the order be given dasti under the signatures of Bench Secretary, on payment of usual charges. FEBRUARY 24, 2009 (SURYA KANT) shalini JUDGE