IN THE HIGH COURT OF JUDICATURE AT PATNA CWJC No.4374 of 2008 MUKESH KUMAR SINGH Versus THE STATE OF BIHAR & ORS ----------- 05 28.07.2008 Heard. The petitioner by this writ petition purports to challenge the notice dated 13.02.2008 issued by the Respondent-Punjab National Bank in terms of Section 13 (2) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. By the said notice, the petitioner has been informed that he had been given a 60 days notice on 01.12.2007, in terms of Section 13 (2) of the Act, giving him 60 days time to liquidate the loan, failing which the mortgage assets would be taken over. This writ petition was filed on the 7th of March 2008 and on 17th of March 2008 petitioner was directed to file an affidavit showing readiness and wiliness to liquidate the loans by paying Rs. 1.75 lakhs by 28th of April 2008 being 25% upfront and disclosing the scheme for liquidating the balance within one year. This was not complied with and the - 2 - petitioner then filed a further application whereby he undertook to pay the amount by 28th of May 2008 and the balance by 28th of May 2009. On 11.07.2008, the learned counsel for the Bank informed the Court that even this undertaking was not honored by the petitioner. In view of the extraordinary indulgence, having already been granted by this Court twice and not honored by the petitioner, this Court is not in a position to entertain this writ petition and it is dismissed, accordingly. Trivedi/ (Navaniti Prasad Singh,J.)