C.W.P. No.11675 of 2011 -1- IN THE HIGH COURT FOR THE STATES OF PUNJAB AND HARYANA AT CHANDIGARH C.W.P. No.11675 of 2011 Date of Decision.08.07.2011 M/s Swaraj Overseas, village Chattiwind Road, Tarn Taran Road, Amritsar, through Sh. Surinder Singh Partner-petitioner No.2 and others .....Petitioners Versus The Authorized Officer, Punjab & Sind Bank, Branch Office Dhab Wasti Ram, Amritsar and Zonal Office (Urban) Hall Bazar, Amritsar .....Respondent Present: Mr. Anil Chawla, Advocate for the petitioners. CORAM:HON'BLE MR. JUSTICE K. KANNAN 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? -.- K. KANNAN J.(ORAL) 1. Learned counsel for the petitioners seeks for permission to withdraw the writ petition with liberty to file an appeal under Section 17 of SARFAESI Act before the Debt Recovery Tribunal. The petitioners shall be permitted to urge all objections relating to the validity of the order including the assumption made by the financial institution that the petitioners' debt had become NPA and that there was a ground for proceedings under Section 13(4). 2. The writ petition is dismissed as withdrawn with liberty to the petitioners to represent the contentions as aforesaid. 3. Any period that has been spent by the petitioners in presenting the writ petition and bringing the matter before this Court for orders C.W.P. No.11675 of 2011 -2- will stand excluded and the authority, who entertains the appeal under Section 17 of SARFAESI Act may have due consideration of the time taken by the Court for preferring the appeal under Section 17 of SARFAESI Act. (K. KANNAN) JUDGE July 08, 2011 Pankaj*