IN THE HIGH COURT FOR THE STATES OF PUNJAB AND HARYANA AT CHANDIGARH. C.W.P. No. 675 of 2009. Date of Decision: 12th May, 2009. Pritam Singh & Anr. ....Petitioners through Mr. Ashish Aggarwal, Advocate Versus LIC Housing Finance Limited & Ors. .Respondents through None. CORAM: HON'BLE MR. JUSTICE SURYA KANT. 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) No one appears on behalf of the respondents despite service. They are proceeded against ex-parte. The petitioners seek quashing of the order dated 12.12.2008 passed by the District Magistrate, Karnal under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 whereby the police authorities have been directed to assist respondent No. 1 to take physical possession of the petitioners' hypothecated property. Learned counsel for the petitioners states that the arrears of loan up to May, 2009 have already been deposited. He undertakes that in future also the installments shall be deposited on time. Taking into consideration the petitioners' above undertaking as also the other attending circumstances, this writ petition is disposed of with a direction that so long the petitioners keep on depositing the monthly installments on time, no action under the Act shall be taken against them. However, in the event of failure on the part of the petitioners, the respondents shall be at liberty to proceed against them, in accordance with law. Disposed of. Dasti. May 12, 2009. ( SURYA KANT ) dinesh JUDGE