C.W.P NO. 18331 OF 2008 -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH C.W.P NO. 18331 OF 2008 DECIDED ON : 30.04.2009 M/Sagar International ...Petitioner versus Punjab & Sind Bank and others ...Respondents CORAM : HON'BLE MR. JUSTICE SURYA KANT Present : Mr. Deepak Arora, Advocate, for the petitioner. Mr. Rajesh Mahajan, Advocate, for the respondent-Bank. SURYA KANT, J. (ORAL) The petitioner seeks quashing of the notice dated 22.09.2008 (Annexure P-12), whereby proceedings under Section 13 (2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 have been initiated. The auction of the petitioner's property was stayed by this Court on October 22, 2008, subject to the compliance of the undertaking given by the petitioner in C.W.P No. 18281 of 2008. There is a serious dispute on facts regarding the petitioner's total liability. The writ petition is accordingly dismissed with liberty to the petitioner to approach the D.R.T, Chandigarh. C.W.P NO. 18331 OF 2008 -2- Learned counsel for the respondent-Bank states that no coercive steps shall be taken against the petitioner for two weeks to enable it to approach the D.R.T. Let a copy of this order be given dasti on payment of usual charges. APRIL 30, 2009 (SURYA KANT) shalini JUDGE