IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH C.W.P. No. 21026 of 2011 Date of Decision: 14.11.2011 Ahuja General Industry and another ........Petitioners vs. State Bank of India and another .......Respondents CORAM: HON'BLE MR. JUSTICE HEMANT GUPTA HON'BLE MR. JUSTICE G.S. SANDHAWALIA Present: Mr. V.K. Diwan, Advocate for the petitioners HEMANT GUPTA, J. Learned counsel for the petitioners contends that the present writ petition has been filed against the notice issued under Section 13(2) (Annexure P-8) of Secuiritization and Reconstructions of Financial Assets and Enforcement of Security Interest Act, 2002 (for short the Act). The petitioner has filed its objections as contemplated under Section 13(3A) of the Act. It is admitted by learned counsel for the petitioner that the Bank has not responded to such objections so far. The fact remains that the proceedings as contemplated under Section 13(4) have not been initiated so far. The initiation of the proceedings under Section 13(4) of the Act would confer cause of action to avail the remedy as contemplated under Section 17(2) of the Act. Dismissed as pre-mature. (HEMANT GUPTA) JUDGE (G.S. SANDHAWALIA) 14.11.2011 JUDGE reena