IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Civil Writ Petition No. 1190 of 2009 (O&M) Date of decision: 10th November, 2009 Parshant Dhingra … Petitioner Versus The Oriental Bank of Commerce and others … Respondents CORAM: HON’BLE MR. JUSTICE KANWALJIT SINGH AHLUWALIA Present: Mr. N.D. Achint, Advocate for the petitioner. Mr. G.S. Anand, Advocate for the respondents. KANWALJIT SINGH AHLUWALIA, J. (ORAL) According to counsel for the respondent Bank, the outstanding amount against the petitioner is Rs.4,88,53,866/- as on 30th June, 2009. Counsel for the respondents has further submitted that on this amount, petitioner is also liable to pay interest of Rs.48.69 lacs. Petitioner has alternative remedy of appeal under Section 17 (1) of the Securitization Act, 2002. Therefore, petitioner is relegated to the Debt Recovery Tribunal to avail his remedy of appeal. Dismissed, with liberty to file appeal under Section 17(1) of the Securitization Act, 2002. [KANWALJIT SINGH AHLUWALIA] JUDGE November 10, 2009 rps