PNP 1 WP7265-5.9.sxw IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO.7265 OF 2011 M/s. On Wheels Logistics (P) Ltd. and others ..Petitioners. versus The Federal Bank Ltd. and another ..Respondents. ..... Mr. Sanjay Jain with Mr. Vivek Phadke i/b Kaikini Phadke & Associates for the Petitioners. Mr. Vivek S. Sawant i/b Mr. Kusumakar Kaushik Respondent No.1. ...... CORAM : DR.D.Y.CHANDRACHUD & A. A. SAYED, JJ. 5 September 2011. P.C. : The Petitioner has an alternate remedy of an appeal before the Debts Recovery Appellate Tribunal against the impugned order of the Tribunal dated 8 August 2011. However, since the Chairperson of the Debts Recovery Appellate Tribunal at Calcutta has concurrent charge of the Debts Recovery Appellate Tribunal at Mumbai, pending a regular appointment and it is likely that the proceedings at Mumbai would be convened in the near future, Counsel appearing on behalf of the First Respondent states that for a period of two weeks from today, the First Respondent shall not take coercive steps against the Petitioner in respect of the secured assets without prejudice to the rights and contentions of the First Respondent. The statement is accepted. The Petition is accordingly disposed of. (Dr. D.Y. Chandrachud, J.) (A. A. Sayed, J.)