IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Civil Writ Petition No.21320 of 2010 Date of Decision : November 30, 2010. M/s Roxy Industrial Corporation and another .....Petitioners versus Authorised Officer, Oriental Bank of Commerce and another .....Respondents CORAM : HON'BLE MR.JUSTICE SURYA KANT. Present : Mr.Pawan K.Mutneja, Advocate, for the petitioners. -.- 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 are aggrieved by the Possession Notice dated 24.11.2010 (Annexure P-10) issued under Section 13(4) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as `the 2002 Act'). Having heard learned counsel for the petitioners and in the light of the decision dated 26.7.2010 by the Hon'ble Supreme Court in Civil Appeal No.5990 of 2010 (United Bank of India versus Satyawati Tondon and others), and having regard to the efficacious alternative remedy available to the petitioners under Section 17 of the 2002 Act, the writ petition is disposed of by relegating them to the afore-stated C.W.P.No .21320 of 2010 2 alternative remedy. However, keeping in view more than one contentious issues raised on behalf of the petitioners and with a view to enable them to approach the Debt Recovery Tribunal, it is directed that status-quo with regard to the possession of the petitioners shall be maintained for a period of one month from the date of issuance of a certified copy of this order. Ordered accordingly. Dasti. November 30, 2010 (SURYA KANT) Mohinder JUDGE