IN THE HIGH COURT OF UTTARAKHAND AT NAINITAL (CLMA Misc. Application No. 3508 of 2009) In WRIT PETITION No. 508 of 2009 (M/S) Manzoor Ahmad Beg and another. ………Petitioners. Versus Vijaya Bank and others. …Respondents. Mr. Naresh pant & Ms. Menka, Advocate for petitioner. None appears for respondents. 7th May, 2009 Hon’ble Sudhaunshu Dhulia, J. The petitioner by means of present writ petition have challenged the recovery proceedings initiated by the respondent Bank under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Today, the counsel for the petitioners states that they are willing to avail the alternative remedy before the Debt Recovery Tribunal however they may be given ten days’ time to approach the Debt Recovery Tribunal for redressal of their grievance. In view of the statement given by the learned counsel for the petitioners, the writ petition is liable to be dismissed on the ground of alternative remedy. The petitioners are directed to approach the Debt Recovery Tribunal within a period of ten days from today, and for a period of fifteen days, the recovery proceedings initiated against the petitioners shall remain stayed. It is made clear that the relief granted to the petitioner by means of this order will automatically come to an end on May 23, 2009. It is clarified that no comments are being made on the merit of this case and the Tribunal will take its decision, interim or final, irrespective of the temporary relief being granted herein. With the aforesaid direction, the writ petition is disposed of. No order as to costs. Registry is directed to immediately communicate this order through FAX to the Branch Manager of Viyaya Bank, 8, Govindpur, Main Road Haridwar, Uttaranchal. (Sudhanshu Dhulia, J.) 7.5.2009 Rathour