IN THE HIGH COURT FOR THE STATES OF PUNJAB AND HARYANA AT CHANDIGARH CWP No.6408 of 2009 Date of decision: April 30, 2009. Shafali Chopra ...Petitioner(s) v. Authorized Officer, State Bank of Patiala, Ludhiana ...Respondent(s) CORAM:HON'BLE MR. JUSTICE SURYA KANT 1. Whether Reporters of local papers may be allowed to see the judgment ? 2. Whether to be referred to the Reporters or not ? 3. Whether the judgment should be reported in the Digest? Present: Shri N.K. Verma, Advocate, for the petitioner(s). Shri G.S. Anand, Advocate, for the caveator-respondent. ORDER Surya Kant, J. - (Oral): The petitioner seeks a mandamus to direct the respondent-Bank not to auction the mortgaged property for recovering loan amount advanced to her husband. The petitioner's husband had taken a term loan and he having failed to deposit the installments regularly, the account has been declared NPA and proceedings under section 13 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 have been initiated. The petitioner now apprehends that the shop owned by her and mortgaged in favour of the Bank is likely to be auctioned. The respondent-Bank has entered caveat. It is pointed out that the auction which was scheduled to take place on 29.4.2009, could not be held. Having heard Learned Counsel for the parties and considering the totality of the circumstances, I deem it appropriate to dispose of this writ petition with the following directions:- (i)the petitioner/her husband shall clear all the dues before 31.7.2009; (ii) the respondent-Bank shall supply the details of the balance loan amount as on 30.4.2009, to the petitioner before 8.5.2009. if the petitioner is dissatisfied with the interest component or otherwise, she may represent to the respondent-Bank and the decision taken on that representation shall be communicated to the petitioner by 23.5.2009; (iii) the petitioner/her husband shall be at liberty to deposit the loan amount either in lump sum or installments; (iv) no interest shall be charged from the petitioner/her husband after 30.4.2009; (v) in case the petitioner/her husband fail to discharge the loan liability on or before 31.7.2009, the respondent-Bank shall be entitled to interest for the period after 30.4.2009 also and shall be at liberty to proceed against the secured asset in accordance with law. Dasti. April 30, 2009. [ Surya Kant ] kadyan Judge