CWP No. 5889 of 2011 -: 1 :- IN THE HIGH COURT FOR THE STATES OF PUNJAB AND HARYANA AT CHANDIGARH 1. CWP No. 5889 of 2011 Date of decision: December 06, 2011. M/s Malke Estate Private Limited ... Petitioner v. Authorized Officer, Allahabad Bank ... Respondent(s) 2. CWP No. 5890 of 2011 M/s Stratford Educational Management Private Limited ... Petitioner v. Authorized Officer, Allahabad Bank ... Respondent(s) CORAM: HON'BLE MR. JUSTICE HEMANT GUPTA HON'BLE MR. JUSTICE G.S. SANDHAWALIA Present: Shri P.K. Dutt, Advocate, for the petitioner. Shri C.S. Pasricha, Advocate for the respondent. Hemant Gupta , J. (Oral): This order shall dispose of CWP Nos.5889 and 5990 of 2011. Learned counsel for the petitioner undertakes to clear the entire overdue amount of the Bank within three months. The petitioner has filed an affidavit dated 6th December, 2011 pointing out that the tenants have been directed to remit the rent directly to the Bank. On the other hand, Shri Pasricha has handed over the CWP No. 5889 of 2011 -: 2 :- calculations pointing out that an amount of Rs.101.45 lacs was overdue as on 31.10.2011 and that a minimum of Rs.13.35 lacs is required to be deposited towards interest from November, 2011 onwards. After hearing learned counsel for the parties, we dispose of these writ petitions with directions to the petitioner, as per his undertaking, to pay the overdue amount of Rs.101.45 lacs on or before 29th February, 2012 and also to pay Rs.13.35 lacs per month towards interest either by way of adjusting rent remitted directly to the Bank or from its own resources. If there is any default in the payments, the Bank shall be at liberty proceed against the petitioners in accordance with law. The writ petition stands disposed of accordingly. [ Hemant Gupta ] Judge [ G.S. Sandhawalia ] December 06, 2011. Judge kadyan