IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH. C.R. No. 2241 of 2011 Date of decision: 2.6.2011 Mahesh Inder Singh Thind … Petitioner versus Smt. Barjinder Kohli and others ... Respondents CORAM: HON’BLE MR. JUSTICE ARVIND KUMAR Present: Ms. Naiya Gill, Advocate, for the petitioner Mr. Ashok K.Sharma, Advocate, for respondents 1 and 2 Mr. Manish Joshi, Advocate, for respondent No.5 ... ARVIND KUMAR, J: The present petitioner is one of the defendants in the suit for recovery of Rs.2,26,380/-, titled B.K.Leasing and Finance Company through its proprietor Smt. Baljinder Kohli v. Ekta Electronics and others. Plaintiffs also filed an application under Order 39 rules 1 and 2, Code of Civil Procedure, for grant of ad-interim injunction, seeking to restrain defendant No.3 from alienating, selling or transferring the land otherwise the amount under loan will not be realized and they will suffer an irreparable loss. The said application was dismissed. In appeal so filed, defendant No.3 was restrained from alienating the property/agricultural land measuring 0-8 Biswas detailed in the application, during the pendency of the suit. Hence, this revision by defendant No.3. Heard. The present suit is for recovery of the loan amount so advanced to M/s Ekta Electronics and others wherein Joginder Singh was a partner and after his death, the present petitioner was inducted as one of the partners. Counsel for the petitioner contends that the plaintiffs only want C.R. No. 2241 of 2011 -2- security of their loan amount including interest thereon during the pendency of the suit, for which the present petitioner is ready to furnish a bank guarantee to the tune of Rs.3 lacs instead of restraining him to alienate the agricultural land. This proposition has not been seriously opposed by the counsel opposite. In back-drop of the above facts, impugned order restraining defendant No.3-petitioner from alienating the property i.e. agricultural land measuring 0-8 Biswas stands modified provided he furnishes a renewable bank guarantee to the tune fo Rs.3 lacs to the satisfaction of the Court, till the disposal of the suit. The revision petition stands disposed of accordingly. June 02, 2011 ( ARVIND KUMAR ) JS JUDGE