Civil Writ Petition No.15238 of 2006. 1 .. IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH. Civil Writ Petition No.15238 of 2006. Date of Decision : Sept. 22, 2006 M/s Ace Textiles Limited ... Petitioner Versus State Bank of India .. Respondent CORAM : Hon`ble Mr. Justice Jasbir Singh, Hon`ble Mr. Justice Pritam Pal. Present : Shri J.R.Mittal, Senior Advocate, with Shri K.S.Chahal, Advocate, for the petitioner. JASBIR SINGH, J. (Oral) This writ petition has been filed with a prayer to quash letter dated 10.8.2006 (Annexure P/3). It is apparent from the record that vide Annexure P/3, the petitioner was asked only to comply with the terms and conditions of the agreement, Annexure P/1, whereby, their loan account was settled under some scheme. As per the agreement, Annexure P/1, the petitioner is supposed to make payment of the entire amount till 24th Sept. 2006. It still has two Civil Writ Petition No.15238 of 2006. 2 .. days to make the payment. A very lame excuse has been put forward by the petitioner, to say that the time be extended as it has a ready-buyer with it, to purchase the property. As per terms and conditions of the agreement, Annexure P/1, it is not open to the petitioner to sell the property mortgaged and make the payment, no such stipulation exists in the compromise deed, Annexure P/1. Dismissed. [ JASBIR SINGH ] JUDGE [ PRITAM PAL ] Sept.22, 2006 JUDGE som