IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Civil Writ Petition No.12591 of 2010 Date of Decision : July 20, 2010. Bhushan Thapar .....Petitioner versus State Bank of Bikaner and Jaipur .....Respondent CORAM : HON'BLE MR.JUSTICE SURYA KANT. Present : Mr.P.N.Arora, Advocate, for the petitioner. -.- 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? --- Surya Kant, J. (Oral) The petitioner seeks a writ of prohibition to restrain the respondent-bank from taking possession of the house for recovery of the arrears of debt. The petitioner was served with a notice under Section 13 (2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Ordinance, 2002 (for short '2002 Ordinance') by the respondent-bank on 28.6.2008 (Annexure P-1) asking him to pay a sum of Rs.6,37,911.45 towards outstanding dues. The petitioner filed objection (Annexure P-2) against the said notice and disputed the amount so calculated by the respondent-bank. Thereafter, he filed an appeal before the Debt Recovery Tribunal, Chandigarh, which is C.W.P.No .12591 of 2010 2 stated to be pending for 31.8.2010. The petitioner has approached this Court seeking stay against further proceedings sought to be initiated by the bank. On a query, the petitioner does not appear to be willing to pay anything to the respondent-bank even after admitting that he is liable to pay about Rs.5,00,000/-. That being so, no case to grant any interim stay is made out. Dismissed. However, petitioner is at liberty to pursue the stay application before the Debt Recovery Tribunal, Chandigarh. July 20, 2010 (SURYA KANT) Mohinder JUDGE