CIVIL WRIT PETITION NO. 15865 OF 2007 -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH. DATE OF DECISION: July 21, 2009. Parties Name Smt. Mahinder Datta and another ..PETITIONERS VERSUS Union of India and others ...RESPONDENTS CORAM: HON'BLE MR. JUSTICE JASBIR SINGH PRESENT: Mr. Salil Bali, Advocate, for the petitioners. Mr. Ram Pal Verma, Advocate, for Mr. Rajiv Sharma, Advocate, for respondent No. 1. Mr. Avinash Jhingan, Advocate, for respondent No. 3. Mr. O.P.Goyal, Sr. Advocate, with Mr. Varun Sharma, Advocate, for respondent No. 5. JASBIR SINGH, J. (oral) Order. By filing this writ petition, it has been prayed that a writ of mandamus be issued directing respondents No. 1 and 2 to consider claim of the petitioner, as has been detailed in this writ petition. It is coming out from the records that against their application, the petitioners were allotted 100 fully paid up non-convertible portion of secured debentures at a rate of Rs. 200/- each. It was stipulated that interest CIVIL WRIT PETITION NO. 15865 OF 2007 -2- at the rate of 12.5 % per annum shall be paid twice in a year. The debentures further carried 'Buy Back Guarantee' after three years, i.e., February 28, 1991. The repayment was to be made in annual instalments of Rs. 65, 65/- and Rs. 70/- at the end of 7th, 8th and 9th year. It is case of the petitioner that respondent No. 3 failed to honour its commitment. Petitioner did not receive any interest amount what to talk of getting their money back. During arguments, it has come on record that matter, as on today, is pending before Board for Industrial and Financial Reconstruction (in short BIFR) from the year 1992. Counsel for the petitioners at the time of arguments confined his prayer only for issuance of directions to the BIFR to expedite the matter. To this prayer, counsel for the respondents possibly cannot raise any objection. In view of facts and circumstances of this case, the writ petition is disposed of by issuing directions to the BIFR to decide fate of respondent No. 3,either way expeditiously so that the petitioners may get some relief. Copy of this order be conveyed to the BIFR concerned. July 21, 2009 ( Jasbir Singh ) DKC Judge