IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Civil Writ Petition No.20033 of 2010 Date of Decision : November 10, 2010. M/s Doaba Fasteners Pvt. Ltd. .....Petitioner versus Union of India and others .....Respondents CORAM : HON'BLE MR.JUSTICE SURYA KANT. Present : Mr.Kanwaljit Singh, Senior Advocate, with Ms.Sukhwinder Kaur, Advocate, for the petitioner. -.- 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? --- Surya Kant, J. (Oral) The petitioner is aggrieved by the rejection of the One Time Settlement (OTS) and consequential action sought to be taken by the respondent-bank under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. In the light of the Hon'ble Supreme Court decision dated 26.7.2010 in Civil Appeal No.5990 of 2010 (United Bank of India versus Satyawati Tondon and others), I am of the considered view that both these issues can be effectively raised by the petitioner before the Debts Recovery Tribunal. \ C.W.P.No .20033 of 2010 2 The writ petition is accordingly disposed of by relegating the petitioner to the afore-stated alternative remedy. However, with a view to enable the petitioner to approach the Debts Recovery Tribunal, it is directed that no coercive action shall be taken by the respondent-bank for a period of two weeks. Ordered accordingly. Dasti. November 10, 2010 (SURYA KANT) Mohinder JUDGE