Civil Writ Petition No. 18344 of 2009 1 In the High Court of Punjab and Haryana, at Chandigarh. Civil Writ Petition No. 18344 of 2009 Date of Decision: 8.12.2009 Jagjiwan Kaur Sindhu …Petitioner Versus State Bank of Patiala and Another …Respondents CORAM: HON’BLE MR. JUSTICE KANWALJIT SINGH AHLUWALIA. Present: Ms.Archana Sharma, Advocate for the petitioner. Mr. Vikas Chatrath, Advocate for the respondents. Kanwaljit Singh Ahluwalia, J. (Oral) Counsel for the respondents has stated that approximately, Rs.30,50,000/- is outstanding against the property mortgaged by the husband of the petitioner and the petitioner. Counsel for the petitioner has submitted that petitioner has got prepared a demand draft of Rs.5,00,000/- in favour of the bank. Demand Draft has been handed over to counsel for the respondents. Counsel for the petitioner further submits that balance amount shall be paid in eight equated monthly instalments. Counsel for the petitioner, on instructions from the petitioner, who is present in the Court, has stated that in case petitioner fail to adhere to the schedule of making the balance payment within eight equated monthly instalments, then Rs.1,00,000/- out of the Civil Writ Petition No. 18344 of 2009 2 draft presented today be forfeited. It is further submitted by counsel for the petitioner that in case petitioner commit two consecutive defaults, the respondent-Bank will be well within its rights to proceed against the petitioner, in accordance with the provisions of law including under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Counsel for the respondents has accepted the above statement and has further agreed that after adjusting the amount of draft, account statement shall be supplied to the petitioner through registered post. In view of the statements made by counsel for the parties, and arrangement noticed above, present writ petition is disposed of. (Kanwaljit Singh Ahluwalia) Judge December 8, 2009 “DK”