Civil Writ Petition No. 15003 of 2009 1 In the High Court of Punjab and Haryana, at Chandigarh. Civil Writ Petition No. 15003 of 2009 Date of Decision: 9.12.2009 Krishan Singh …Petitioner Versus Union Bank of India and Others …Respondents CORAM: HON’BLE MR. JUSTICE KANWALJIT SINGH AHLUWALIA. Present: Mr. Karan Singh, Advocate for the petitioner. Mr. Sukhwinder Singh, Advocate for respondents No.1 and 2. Mr. Vivek Goyal, Advocate for respondent No.3. Kanwaljit Singh Ahluwalia, J. (Oral) During the course of arguments, a broad consensus has been arrived between the parties. Petitioner was a successful bidder in an auction. The auction amount, to be paid by the petitioner, was Rs. 50,00,000/-. Petitioner had deposited Rs.4,50,000/- at the time of auction. Thereafter, petitioner, under the orders of this Court, deposited Rs.15,00,000/-. Today, the petitioner has handed over a cheque of Rs.31,00,000/- to counsel for the bank. Counsel for the petitioner has stated that because of delay on his part to deposit the amount, the bank has charged 14% interest and has also fastened the petitioner with Civil Writ Petition No. 15003 of 2009 2 Rs.88,000/- paid by the bank to the Security Guards. Petitioner has been also made liable for publication charges. Counsel for respondents No.1 and 2 has submitted that petitioner has to pay Rs.2,75,000/- more towards the incidental charges and interest. However, Rs.50,000/- towards the incidental and interest charges will stand adjusted out of cheque of Rs.31,00,000/-, handed over to counsel for Bank today. Out of the remaining Rs.2,25,000/-, a consensus has emerged that relief to the extent of Rs.75,000/- can be granted to the petitioner. Petitioner shall pay the remaining Rs.1,50,000/- to the bank within one month from today. As a natural consequence, it is also agreed that the bank shall after deducting the amount outstanding against the borrower shall remit the remaining amount to the borrower. In view of the broad consensus noticed above, present writ petition is disposed of. (Kanwaljit Singh Ahluwalia) Judge December 9, 2009 “DK”