W.P.(C)/1981/2016 of M/S TANSIMI EDUCATIONAL SOCIETY Vs PUNJAB NATIONAL BANK

Court: Delhi High Court
Decision date: 2016-03-08
Case number: 1981/2016

Parties

+ W.P.(C) No.1981/2016 & CM No.8519/2016 (for stay). M/S TANSIMI EDUCATIONAL SOCIETY (PETITIONER)
PUNJAB NATIONAL BANK (RESPONDENT)

Cites (1)

W.P.(C)/8520/2010 of DLF LIMITED Vs PUNJAB NATIONAL BANK (2011)

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IN THE HIGH COURT OF DELHI AT NEW DELHI

+ W.P.(C) No.1981/2016 & CM No.8519/2016 (for stay). M/S TANSIMI EDUCATIONAL SOCIETY ..... Petitioner

Through: Mr. Sundeep Srivastava, Adv. versus

PUNJAB NATIONAL BANK ..... Respondent Through: Ms. Bindu Das, Adv.

CORAM:

HON’BLE MR. JUSTICE RAJIV SAHAI ENDLAW O R R

% 08.03.2016

CM No.8520/2016 (for exemption).

1. Allowed, subject to just exceptions.

2. The application stands disposed of.

W.P.(C) No.1981/2016 & CM No.8519/2016 (for stay).

3. The petition impugns (i) the letter dated 14[th] December, 2015 of the respondent Punjab National Bank declaring the petitioner as wilful defaulter; (ii) the auction dated 5[th] February, 2016; and (iii) auction proceedings in pursuance thereto.

4. The counsel for the petitioner states that auction scheduled for tomorrow i.e. 9[th] March, 2016 has failed as no bid has been received by the respondent Bank and the respondent Bank has called the petitioner on 9[th]March, 2016 for exploring the possibility of amicable settlement.

5. The counsel for the respondent Bank appearing on advance notice confirms and further states that the notice dated 14[th] December, 2015 is only to show cause and not declaring the petitioner as wilful defaulter; subsequently letter dated 1[st] March, 2016 has also been sent to the

W.P.(C) No.1981/2016

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petitioner for personal hearing before the Grievance Redressal Committee in this regard on 22[nd] March, 2016. It is thus stated that the prayer with respect to the letter dated 14[th] December, 2015 is not maintainable.

6. The counsel for the petitioner seeks to withdraw the petition with liberty to approach again if remains aggrieved.

7. Dismissed as withdrawn with liberty aforesaid and without prejudice to the contentions of the counsel for the respondent Bank that this Court has no territorial jurisdiction and the writ remedy is not available.

No costs.

RAJIV SAHAI ENDLAW, J

MARCH 08, 2016 ‘pp’..

W.P.(C) No.1981/2016

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