Civil Writ Petition No.7020 of 2011 #1# IN THE HIGH COURT OF PUNJAB & HAR YANA AT CHANDIGARH . Civil Writ Petition No.7020 of 2011 Date of Decision:-26.09.2011 Joginder Kumar Jindal & Ors. ......Petitioners. Versus The Authorized Officer, HDFC Bank Ltd., & Ors. ......Respondents. CORAM:- HON'BLE MR. JUSTICE HEMANT GUPTA HON'BLE MR. JUSTICE JASWANT SINGH Present:- Mr. Ravindra Jain, Advocate for the Petitioner. Mr. Sandeep Suri, Advocate for the respondents. *** HEMANT GUPTA, J.(ORAL) The petitioner has invoked the jurisdiction of this Court under Articles 226 & 227 of the Constitution challenging notice issued under Section 13 (4) of the Securitization & Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002. The petitioner has obtained a housing loan of Rs.1.50 lacs but was unable to pay its installments in due time. Learned Counsel for the respondents state that though a sum of Rs.1,10,778/- was due from the petitioner as on 16.04.2011 but if the petitioner makes a payment of Rs.70,000/- before 31.12.2011 the bank is ready to waive of the remaining amount and settle the account of the petitioner. Learned Counsel for the petitioner undertakes to pay said amount of Rs.70,000/- on or before 31.12.2011. In view of the said fact present writ petition is disposed of in the Civil Writ Petition No.7020 of 2011 #2# above terms. If the petitioner fails to pay the aforesaid amount of Rs.70,000/-, the bank shall be entitled to take recourse to remedy as available under the Act in accordance with law. ( HEMANT GUPTA ) JUDGE ( JASWANT SINGH ) JUDGE September 26, 2011 Vinay