-: 1 :- IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE WRIT PETITION NO.3487 OF 2009 Asset Reconstruction Company (India) Limited : Petitioner V/s. Union of India & Ors. : Respondents ... Ms Rajani Iyer, Senior Advocate, with Mr.Faisal Sayyed and Mr.Dhiraj Totala i/b. M/s.Manilal Kher Ambalal & Co., for the petitioner. Ms S.P.Bharucha for respondent no.2. ... CORAM : S.A. BOBDE, J. DATE : MARCH 26, 2009. P.C. Mentioned. Not on board. 2. Rule, returnable forthwith. Ms Bharucha waives service for the respondent no.2. Heard by consent. 3. After hearing the matter for sometime, the following order is passed by consent:- -: 2 :- O R D E R (i) The impugned order dated 19.3.2009 at exh.‘F’ stands withdrawn. The petitioner shall be entitled to file a reply to the show cause notice dated 2.3.2009 at exh.‘D’ which reply shall be filed within a period of two weeks from today. After receiving the reply, the respondent no.2 shall proceed to hear the petitioner and pass an order determining the petitioner’s liability, if any, within a period of four weeks thereafter and communicate the decision to the petitioner. Till such determination, the respondent no.2 shall not take any steps for recovering the sum in question. (ii) Rule is made absolute in the aforesaid terms. S.A. BOBDE, J.