Civil Writ Petition No.8184 of 2009 -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Civil Writ Petition No.8184 of 2009 Decided on : 10-08-2009 S.G.N. Telecom Ltd. .... Petitioner VERSUS State of Punjab and another .... Respondents CORAM:- HON'BLE MR. JUSTICE JASBIR SINGH. Present:- Mr. D.S. Patwalia, Advocate, for the petitioner. Mr. G.S. Gill, Advocate, for respondent No.2. JASBIR SINGH, J (Oral). This petition has been filed with a prayer for quashing order dated 19.11.2008 (P-14) vide which, offer for One Time Settlement of account, of the petitioner was rejected. Further prayer is to quash the notices dated 6.1.2009 and 25.2.2009 (P-15 and P- 16) respectively, for taking over possession of the mortgaged property, under Section 29 of State Financial Corporations Act, 1951. Counsel for the parties heard. It is apparent from the record that in consequent to the order passed by this Court on 22.9.2008 (P-12), the petitioner had Civil Writ Petition No.8184 of 2009 -2- submitted a detailed proposal, for settlement of its account, vide representation dated 21.10.2008 (P-13). The respondents have rejected the same by passing an order on 19.11.2008 (P-14). Perusal of that order indicates that no reasons were given to decline the prayer made by the petitioner. In view of above, this petition is disposed of by quashing order dated 19.11.2008(P-14) and directing the respondents to pass a speaking order giving detailed reasons. If the petitioner is entitled to get the benefit under the scheme, as prayed for by it, the same be granted to the petitioner. In case, any adverse order is passed against the petitioner, the same be kept in abeyance for two weeks. Copy of the order be supplied to counsel for both the parties under the signature of the Reader of this Court for compliance. 10th August, 2009. (JASBIR SINGH) Monika JUDGE