Civil Writ Petition No. 20518 of 2009 ` 1 In the High Court of Punjab and Haryana, at Chandigarh. Civil Writ Petition No. 20518 of 2009 Date of Decision: 24.12.2009 Pardeep Kumar …Petitioner Versus Standard Chartered Bank and Another …Respondents CORAM: HON’BLE MR. JUSTICE KANWALJIT SINGH AHLUWALIA. Present: Mr. Sukhvinder Singh, Advocate for the petitioner. Kanwaljit Singh Ahluwalia, J. (Oral) Mr. Sandeep Suri, Advocate, has caused appearance on behalf of the respondents. Mr. Suri has stated that in case petitioner deposit Rs.58,625/- within one month and pay the instalments regularly, the respondents will not proceed with notice under Section 13(2) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Counsel for the petitioner has handed over a draft of Rs.30,000/- today in the Court to Mr. Sandeep Suri, Advocate. Balance amount of Rs.28,625/- will be paid by the petitioner within one month from today and thereafter may continue to pay the instalments. On the request made by Mr. Suri, it is clarified that in case petitioner commit two consecutive default in payment of instalments, the bank will be at liberty to proceed against the petitioner, in accordance Civil Writ Petition No. 20518 of 2009 ` 2 with the provisions of law. In view of the broad consensus noticed above, present writ petition is disposed of. (Kanwaljit Singh Ahluwalia) Judge December 24, 2009 “DK”