IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH C.O.C.P. No.640 of 2006 Date of Decision:- 05.02.2008 Punjab Trading Company Ltd. ....Petitioner(s) through Mr.S.C.Nagpal, Advocate. vs. Sh.Bhagirath Prasad Goyal, Dy. General Manager, Oriental Bank of Commerce. ....Respondent(s) through Mr.S.A.Sharma, Advocate. *** CORAM:-HON'BLE MR.JUSTICE SURYA KANT. *** 1) Whether Reporters of the 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) These contempt proceedings have been initiated alleging that despite the categoric order dated November 22, 2002 and the final order dated May 9, 2003 passed by this Court in C.W.P.No.5749 of 1999, the disbursable surplus is not being distributed amongst the share holders of the erstwhile Bari Doab Bank Ltd, Hoshiarpur. In response to the show cause notice, reply/affidavit has been filed by the respondent. In para 7 thereof, it is explained that after passing of the final order dated 9.5.2003, the disbursable surplus was distributed amongst share-holders and a sum of Rs.8,86,545/- (after deduction of TDS), has been paid to the petitioner as its share vide D.D.No.901699 dated 23.6.2003. C.O.C.P. No.640 of 2006 -2- It has also been explained that thereafter some more amount i.e. Rs.18,388.24 has been added to the disbursable surplus, however, the same is too meager to be distributed as the administrative expenses to be incurred for distributing the same will be more than the amount itself. Learned counsel for the petitioner, however, submits that after the above-noticed stand taken by the respondent in his reply/affidavit dated 19.5.2007, some more amount has been collected in the disbursable surplus. After hearing learned counsel for the parties and keeping in view the needful steps already taken by the respondent from time to time, I am of the considered view that there is no wilful or deliberate disobedience to the orders passed by this Court. However, if some more amount has been collected towards the disbursable surplus, the same may be distributed amongst the share holders, as directed by this Court, provided that such distribution does not exceed the administrative expenses. In such a situation, the respondent may wait for some reasonable period so that with the addition of more amount towards the disbursable surplus, the viable exercise of its distribution amongst share holders can be undertaken. Rule discharged. February 05, 2008 ( SURYA KANT ) poonam JUDGE