IN THE HIGH COURT OF HIMACHAL PRADESH, SHIMLA. LPA No. 526 of 2011. Decided on: 21.12.2011. ____________________________________________________ M/s Amy Agro Pvt. Ltd., village Dhanna (Bagbania), Post Office Manpura, Tehsil Nalagarh, District Solan, H.P. having its Regd. Office at # 1488, Sector 49-B, Chandigarh, through its Director Arun Pandey. …Appellant. Versus 1. State Bank of Patiala having its Branch at Nalagarh, Tehsil Nalagarh, District Solan, H.P. 2. State Bank of Patiala having its Zonal Office at Chandigarh, Sector 8, Madhya Marg, Chandigarh through its Zonal Manager. … Respondents. ____________________________________________________ Coram The Hon’ble Mr. Justice Kurian Joseph, Chief Justice The Hon’ble Mr. Justice Rajiv Sharma, Judge. For the Appellant : Mr. Neel Kamal Sood, Advocate. For the Respondents : None. ------------------------------------------------------------------------------- Justice Kurian Joseph, C.J. (Oral) The appellant is the petitioner in the writ petition. The writ petition was filed aggrieved by the recovery steps initiated by the respondents, leading to Annexure P-4, notice issued under Section 13(4) the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, - 2 - 2002. The learned single Judge declined to interfere holding that in the facts and circumstances, the writ petition under Article 226 of the Constitution of India cannot be entertained. We find that the learned single Judge has rightly held that in the background of the facts in dispute in the case, it will not be proper for this Court to exercise its jurisdiction, particularly since the petitioner has effective remedy under Section 17 of the Act. 2. Therefore, this appeal is dismissed. However, it is made clear that the period during which the proceedings were pending before this Court starting with 22nd March, 2011 will stand excluded while computing the period of limitation, in case the appellant pursue the remedy under Section 17 of the Act. Copy dasti. (Justice Kurian Joseph), Chief Justice (Justice Rajiv Sharma), Judge. December 21, 2011. (sck/hl).