C.W.P. No.13416 of 2009 -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH C.W.P. No.13416 of 2009 Date of decision:24.09.2009. Smt. Anu Arora and another ...Petitioners Versus Indian Bank and another ...Respondents CORAM: HON'BLE MR. JUSTICE JASBIR SINGH Present: Mr. Nitin Thatai, Advocate, for the petitioners. Mr. Tribhawan Singla, Advocate, for the respondents. ***** JASBIR SINGH, J. (ORAL). A demand draft, for an amount of Rs.1,00,000/- has been handed over, today in Court, by counsel for the petitioners to counsel for the respondents. Counsel for the petitioners states that the petitioners have already deposited an amount of Rs.1,50,000/- as directed by this Court vide order dated 31.08.2009 with respondent No.1. By making payment of the above said amount, petitioners have shown their eagerness to make re-payment of the loan amount. In view of above mentioned facts, this writ petition is disposed of with an observation that the petitioners will put up a proposal to pay the defaulted amount in installments and this Court is hopeful that the Bank will consider their prayer in a very sympathetic manner. It is made clear that if, on acceptance of proposal of the C.W.P. No.13416 of 2009 -2- petitioners, for re-payment of loan in installments, the petitioners commit default in making payment of two installments, the bank shall be at liberty to start the process, under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 from the stage when this writ petition was filed. This writ petition stands disposed of. Copy of the order be given to counsel for the parties, under signatures of the Reader of this Court. September 24, 2009 (JASBIR SINGH) vinod* JUDGE