IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Civil Writ Petition No.23038 of 2010 Date of Decision : December 22, 2010. Mukhtiar Singh and another .....Petitioners versus Punjab National Bank and another .....Respondents CORAM : HON'BLE MR.JUSTICE SURYA KANT. Present : Mr.Rohit Suri, 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 petitioners seek a direction to the respondent-bank to permit them to close down their loan account by disposing of their mortgaged property as they are unable to pay the penal interest and other sundry charges being levied by the bank. They accordingly also seek a direction to the respondent bank to permit them to sell the aforesaid property to settle the loan account. Having heard learned counsel for the petitioners, I am of the considered view that the petitioners may approach the respondent-bank to permit them to dispose of the mortgaged property by entering into a tripartite agreement to which the Bank shall also be a party, that the prospective buyer shall pay the sale consideration to the extent of entire C.W.P.No .23038 of 2010 2 loan amount directly to the bank. The writ petition is disposed of accordingly. However, if such an application is moved by the petitioner, the respondent-bank is directed to act upon the same within a period of two weeks, in accordance with law. Dasti. December 22, 2010 (SURYA KANT) Mohinder JUDGE