IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Civil Writ Petition No.14282 of 2009 Date of Decision : November 15, 2010. Ravinder Singh Grewal and another .....Petitioners versus The Bank of Rajasthan Limited and others .....Respondents CORAM : HON'BLE MR.JUSTICE SURYA KANT. Present : Mr.Harkesh Manuja, Advocate, for the petitioners. Mr.Vikas Mohan Gupta, Advocate, for the respondents. -.- 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 at the action taken by the respondent-bank under Section 13 (4) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Having heard learned counsel for the parties and in the light of the decision dated 26.7.2010 by the Hon'ble Supreme Court in Civil Appeal No.5990 of 2010 (United Bank of India versus Satyawati Tondon and others), the writ petition is disposed of by relegating the petitioners to the alternative remedy before the Debts Recovery Tribunal. However, if the petitioners deposit the due instalments alongwith interest C.W.P.No .14282 of 2009 2 and the expenditure incurred by the Bank within a period of one month and keep on paying the due instalments regularly till the matter is finally decided by the Debts Recovery Tribunal on merits, the subject house shall not be put to auction. If the petitioners approach the Debts Recovery Tribunal within a period of one week after deposit of the above-stated dues without prejudice to their legal rights, learned counsel for the respondent-bank fairly states that no objection regarding limitation shall be taken. Ordered accordingly. Dasti. November 15, 2010 (SURYA KANT) Mohinder JUDGE