1 WP-6385-10 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 6385 OF 2010 Hinafel India Limited & Anr. ..Petitioners versus Canara Bank & Ors. ..Respondents Mr. Subhash Jha i/b. M/s. Law Global for Petitioners. Mr. M. Janardhanan for Respondents. CORAM : D. D. SINHA AND MRS. MRIDULA BHATKAR, JJ. DATED : AUGUST 11, 2010. P.C. : 1. Heard the learned counsel for the petitioners and the respondents. 2. Learned counsel for the respondents has submitted that the bank has taken possession of the secured assets in question on 2nd January 2010. 3. In the circumstances, the learned counsel for the petitioners seek permission to withdraw the present writ petition with liberty to approach the Tribunal afresh under Section 17 of the Securitisation and Reconstruction 2 WP-6385-10 of Financial Assets and Enforcement of Security Interest Act, 2002. 4. In the circumstances, the writ petition is disposed of as withdrawn with liberty as prayed for. All the contentions raised in the petition are kept open. 5. The learned counsel for the respondents state that for a period of one week the bank shall maintain the status quo as on today. This statement ceases to operate on expiry of seventh day from today. (D. D. SINHA, J.) (MRS. MRIDULA BHATKAR, J.)