CWP No.5332 of 2010.doc - 1 – HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH **** CWP No.5332 of 2010 (O&M) Date of Decision: 01.12.2010 **** Anu Arora & Anr. . . . . Petitioners VS. Indian Bank & Ors. . . . . . Respondents **** CORAM : HON’BLE MR.JUSTICE SURYA KANT **** 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? **** Present: Mr. Parminder Singh, Advocate for the petitioners Mr. Tribhuwan Singla, Advocate for the respondents ***** SURYA KANT J. (ORAL) (1). The petitioners are though stated to be complying with the order dated 19.08.2010, however, counsel for the respondent-Bank informs that as on date they are required to pay approximately `4.96 lacs. (2). Counsel for the petitioners points out that the above- stated arrears have been calculated by the Bank by adding the penal interest as well as the amount payable towards the Credit Card account. (3). Be that as it may, these questions need not be gone into by this Court, as for that purpose, the petitioners have got an efficacious alternative remedy to approach the Debt Recovery Tribunal. However, taking into consideration the totality of the circumstances and the CWP No.5332 of 2010.doc - 2 – petitioners’ willingness to discharge their entire loan liability, the writ petition is disposed of with a direction that if the petitioners pay the balance loan amount by way of equal monthly instalments by 30th August, 2011, the respondents shall not take any coercive steps against them. However in the event of failure to pay the balance loan amount and/or any instalment, the respondents shall be at liberty to proceed against the petitioners in accordance with the law. (4). Ordered accordingly. Dasti. 01.12.2010 vishal shonkar (SURYA KANT) JUDGE