IN THE HIGH COURT FOR THE STATES OF PUNJAB AND HARYANA AT CHANDIGARH. C.W.P. No. 5679 of 2009. Date of Decision: 29th May, 2009. M/s Ishan Textiles Mills Pvt. Ltd. Petitioner through Mr. Atul Sharma, Advocate Versus The Joint Registrar & Ors. Respondents through Ms. Jaishree Thakur, Advocate CORAM: HON'BLE MR. JUSTICE SURYA KANT. 1. Whether Reporters of local papers may be allowed to see the judgment? 2. To be referred to the Reporters or not? 3. Whether the judgment should be reported in the Digest? SURYA KANT, J. [ORAL) The petitioner is aggrieved at the action taken by the respondent – Punjab State Cooperative Bank under the Securitization & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. While issuing notice of motion, this Court vide order dated 21.4.2009 stayed the aforementioned proceedings, subject to the petitioners depositing a sum of Rs. 50 lacs with the respondent Bank. The said amount has been deposited by the petitioners. There is a serious dispute with regard to the total liability of the petitioners. While the petitioners contend that in terms of the Civil Court decree and the order passed by the Executing Court, they are liable to pay a sum of Rs.2,51,39,385/-, learned counsel for the respondent Bank contends that the interest part has been over- looked by the Executing Court and the total arrears are near about Rs. 7 Crores. She, however, fairly submits that in case the petitioners show their bona-fide and deposit some more amount, their case shall be considered sympathetically in terms of the OTS Scheme, if so applicable. Learned counsel for the petitioners, on instructions, states that a sum of Rs.30 lacs shall be deposited before 31.7.2009. After hearing learned counsel for the parties and having regard to all the attending circumstances and the fact that the petitioners have expressed their willingness to discharge the loan liability by 30.11.2009, the writ petition is disposed of with a direction that besides a sum of Rs.30 lacs to be deposited by the petitioner by 31.7.2009, they shall further deposit another sum of Rs.30 lacs by 30.9.2009. The respondent Bank shall consider revival of the OTS Scheme. If the respondent Bank decides to adopt/revive the OTS Scheme, the case of the petitioners shall be considered sympathetically under the said Scheme. The amount settled under the said Scheme shall be deposited by the petitioner. Till such time the case of the petitioners under the OTS Scheme is settled, execution proceedings shall be kept in abeyance by the Executing Court. Disposed of. Dasti. May 29, 2009. ( SURYA KANT ) dinesh JUDGE