CWP No.5540 of 2009 -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP No.5540 of 2009 Date of decision: 25-09-2009 Nawanshahar Motor (P) Limited, Chandigarh Road, Nawanshahar and others ....Petitioners VERSUS Punjab National Bank, Hoshiarpur and another ....Respondents CORAM:- HON'BLE MR. JUSTICE JASBIR SINGH Present: Mr. Anand Chhibar, Advocate, for the petitioners. Mr. H.R. Bansal, Advocate, for the respondents. ASBIR SINGH, J. (Oral) The petitioner has committed a default in making the repayment of the amount due, to the respondent – Bank. With a view to save his property, many opportunities were given by this court, to pay the amount or make some arrangement to discharge its liability. Following observation was made by this court on 17.09.2009:- “On 4.8.2009, following order was passed by this Court:- CWP No.5540 of 2009 -2- “Counsel for the respondents states that the respondent- bank shall issue a certificate, to the petitioners, stating therein that on receipt of amount, due from the petitioners, through any other bank, the respondent-bank shall release the property and the document, in favour of the bank making the payment. This certificate be issued within one week from today. The petitioners are granted one month's time to arrange the payment. If the petitioners failed to do that, this writ petition shall be dismissed on the next date of hearing. On request, adjourned to 17.09.2009. Copy of this order by supplied to counsel for the parties under signatures of the Reader of this Court.” This Court feels that this writ petition is liable to be dismissed today in view of the order passed earlier. However, on request made by the petitioners, one more chance is given to the petitioners to save their property and also to secure interest of the bank. Matter is adjourned to 25.9.2009. The petitioner is directed to bring a ready buyer in Court, on the date fixed, along with an affidavit that the intending buyer shall purchase the property/properties mortgaged, for an amount more than the claim of the bank and he shall pay the entire amount within one month.” No arrangement has been made to make the payment or bring a buyer. In view of the above, no case is made out to interfere at CWP No.5540 of 2009 -3- the instance of the petitioners. If so advised the petitioner may avail any other remedy. Dismissed. (JASBIR SINGH) 25-09-2009 JUDGE manju