CWP No. 1902 of 2007 30.10.2008 Present: Mr. Vinay Kuthiala, Advocate for the petitioner. Mr. Ajay Kumar, Advocate for respondent No.1. The parties are not at variance that the plea of limitation raised by the petitioner in reply to the application preferred under Section 32-G of the State Financial Corporation Act, 1951 by respondent No.1-Corporation has not been adjudicated upon by the Specified Authority in order dated 27.8.2007. Once a plea of limitation has been raised by the party, the same was required to be addressed to and specific finding was required to be recorded by the Specified Authority. Consequently, the impugned order dated 27.8.2007 is quashed and set aside. The Specified Authority is directed to decide the application under Section 32-G of the Act afresh by passing a speaking order on or before 25.12.2008 after hearing the parties and by taking into consideration all the pleas raised by them. In view of the observations made hereinabove, the writ petition is disposed of. No costs. (Rajiv Sharma), J. October 30, 2008. (cr)