C.R. No.6521 of 2010 (O&M) -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH C.R. No.6521 of 2010 (O&M) Date of Decision: 07.10.2010 Syndicate Bank ……Petitioner VERSUS M/s R.P.S. Infrastructure Ltd. and others ……Respondents CORAM: HON'BLE MR. JUSTICE ALOK SINGH -.- Present: Mr. I.P. Singh, Advocate for the petitioner. Mr. Sanjiv Bansal, Advocate for the Caveator/Respondent No.1. 1. Whether Reporters of local papers may be allowed to see the judgment? 2. To be referred to the Reporters or not? 3. Whether the judgment should be reported in the Digest? ALOK SINGH, J. (ORAL) 1. Present petition is filed challenging the order dated 23.8.2010 passed by learned Civil Judge (Sr. Division), Faridabad, whereby issuing ad-interim injunction in favour of the plaintiff/respondent herein against the Bank. C.R. No.6521 of 2010 (O&M) -2- 2. Mr. Sanjiv Bansal, learned Counsel for the caveator/re- spondent No.1/plaintiff states that plaintiff shall take the action under The Securitisation and Reconstruction of Fi- nancial Assets and Enforcement of Security Interest Act, 2002 (for brevity ‘the Act’) within 30 days from today. He further states that suit pending before the learned Civil Judge should be dismissed as withdrawn with liberty to redress his grievances before the appropriate forum. He further states that for 30 days, Bank should not take any action against the property in dispute under Section 13(4) of the Act. 3. Learned Counsel for the petitioner-Bank has no objection to it. Mr. I.P. Singh, learned Counsel for the petitioner – Bank undertakes that Bank will not take any action for 30 days from today against the property in dispute. He fur- ther states that if representation is submitted by the ca- veator/respondent No.1 within 7 days from today as re- quired by Section 13(3A) of the Act, that will be consid- ered at its own merit. 4. Suit filed by the plaintiff is dismissed as withdrawn with liberty to the plaintiff to approach appropriate legal forum. 5. Petition stands disposed of accordingly. C.R. No.6521 of 2010 (O&M) -3- ( ALOK SINGH ) 07th October, 2010 JUDGE ashish