IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH L.P.A. No. 3 of 2007 (O&M) Date of decision: 20.8.2009 M/s Technika ......Appellant Vs. The Punjab Financial Corporation and others ...Respondent CORAM:- HON'BLE MR.JUSTICE ADARSH KUMAR GOEL HON'BLE MRS.JUSTICE DAYA CHAUDHARY PRESENT: Mr.Arun Bansal, Advocate, for the appellant. Mr.B.S.Sidhu, Advocate, for respondents No.1,2,4,5 and 6. Mr.Pankaj Jain, Advocate, for respondent No.7. **** ADARSH KUMAR GOEL, J. (Oral) 1. Delay condoned. Heard on merits. 2. This appeal has been preferred against the order of learned Single Judge vacating stay for default in complying with condition of deposit of Rs.5,00,000/- in earlier order. 3. During pendency of this appeal, property in question has been sold in favour of respondent No.7. Vide order dated 30.3.2007, it was directed that the sale will be subject to final decision of the case. Vide order dated 21.5.2008, the respondents were directed not to further alienate the property or create third party interest. 4. After hearing learned counsel for the parties, we are of the view that no interference is called for with the order vacating stay. However, sale which has taken place will be subject to final decision of the writ petition and no third party right will be created in respect thereof. L.P.A. No. 3 of 2007 [2] 5. The appellant will be at liberty to move for early hearing of the writ petition. 6. The appeal is disposed of. (ADARSH KUMAR GOEL) JUDGE (DAYA CHAUDHARY) August 20, 2009 JUDGE raghav L.P.A. No. 3 of 2007 [3] L.P.A. No. 3 of 2007 [4]