IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 109 SANJIV KUMAR SEHGAL AND OTHERS STATE OF PUNJAB AND OTHERS CORAM: HON’BLE MR. JUSTICE ANUPINDER SINGH GREWAL HON’BLE MR. JUSTICE DEEPAK MANCHANDA Present: Mr. Japsehaj Singh, Advocate and Mr. Mr. Aftab Singh Khara, Senior DAG, Punjab. Mr. Vipul Dharmani, Advocate for respondents No.2 & 3. ANUPINDER SINGH GREWAL, J. (ORAL) Learned counsel for the petitioners submits that the petitioners are willing to settle the matter with the respondents and is ready to pay the overdue amount. He has brought 2. Issue notice to the respondents. 3. Mr. Vipul Dharmani, Advocate accepts notice on behalf of respondents No.2 & 3 and upon instructions from Mr. Naval Kishore, submits that in the event of the petitioners paying Rs.6 lacs today and sum of Rs.2 lacs by 31.03.2025 and the month thereafter, their account would be regularized. premises which is to be taken on respondents. IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP-6530-2025 DATE OF DECISION: 07.03.2025 SANJIV KUMAR SEHGAL AND OTHERS Versus STATE OF PUNJAB AND OTHERS HON’BLE MR. JUSTICE ANUPINDER SINGH GREWAL HON’BLE MR. JUSTICE DEEPAK MANCHANDA Mr. Japsehaj Singh, Advocate and Mr. Rajender Kumar, Advocate for the petitioner Mr. Aftab Singh Khara, Senior DAG, Punjab. Mr. Vipul Dharmani, Advocate for respondents No.2 & 3. ANUPINDER SINGH GREWAL, J. (ORAL) Learned counsel for the petitioners submits that the petitioners are willing to settle the matter with the respondents and is ready to pay the overdue brought a demand draft for a sum of Rs.6 la Issue notice to the respondents. Mr. Vipul Dharmani, Advocate accepts notice on behalf of respondents No.2 & 3 and upon instructions from Mr. Naval Kishore, submits that in the event of the petitioners paying Rs.6 lacs today and sum of Rs.2 lacs by 31.03.2025 and the balance amount of Rs.2,56,000/ month thereafter, their account would be regularized. premises which is to be taken on 10.03.2025 shall be deferred IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 2025 DATE OF DECISION: 07.03.2025 … Petitioner (s) ... Respondent(s) HON’BLE MR. JUSTICE ANUPINDER SINGH GREWAL HON’BLE MR. JUSTICE DEEPAK MANCHANDA , Advocate for the petitioners. Mr. Aftab Singh Khara, Senior DAG, Punjab. Mr. Vipul Dharmani, Advocate for respondents No.2 & 3. Learned counsel for the petitioners submits that the petitioners are willing to settle the matter with the respondents and is ready to pay the overdue sum of Rs.6 lacs. Mr. Vipul Dharmani, Advocate accepts notice on behalf of respondents No.2 & 3 and upon instructions from Mr. Naval Kishore, submits that in the event of the petitioners paying Rs.6 lacs today and sum of Rs.2 lacs s.2,56,000/- within a period of one month thereafter, their account would be regularized. The possession of the 10.03.2025 shall be deferred by the Learned counsel for the petitioners submits that the petitioners are willing to settle the matter with the respondents and is ready to pay the overdue Mr. Vipul Dharmani, Advocate accepts notice on behalf of respondents No.2 & 3 and upon instructions from Mr. Naval Kishore, submits that in the event of the petitioners paying Rs.6 lacs today and sum of Rs.2 lacs within a period of one The possession of the by the SWARNJIT SINGH 2025.03.07 15:01 I attest to the accuracy and integrity of this document CWP-6530-2025 4. Learned counsel for the for a sum of Rs.6 lacs to the learned counsel for respondents No.2 & 3. He undertakes to pay the submitted by the learned counsel for respondents No.2 & 3 the petitioners shall pay the future instalments as and when they fall due. 5. Heard. 6. The petition stands disposed of with the direction that in the event of the petitioners paying a sum of Rs.6 lacs 31.03.2025 and the month i.e. by 30.04.2025, their account would be regularized. The petitioners shall continue to pay the future instalments as and when they fall due. In the event of any default liberty to initiate steps under the Securitization Act. 07.03.2025 SwarnjitS Whether Whether reportable 2025 Learned counsel for the petitioners has handed over a demand draft for a sum of Rs.6 lacs to the learned counsel for respondents No.2 & 3. He undertakes to pay the outstanding amount as per the aforenoted schedule submitted by the learned counsel for respondents No.2 & 3 the petitioners shall pay the future instalments as and when they fall due. Heard. The petition stands disposed of with the direction that in the event of the petitioners paying a sum of Rs.6 lacs by today itself 31.03.2025 and the balance amount of Rs.2,56,000/ by 30.04.2025, their account would be regularized. The petitioners shall continue to pay the future instalments as and when they fall due. In the of any default by the petitioners, respondents No.2 & 3 would be liberty to initiate steps under the Securitization Act. (ANUPINDER SINGH GREWAL) (DEEPAK MANCHANDA) Whether speaking/reasoned : Yes / No Whether reportable : Yes / No -2- petitioners has handed over a demand draft for a sum of Rs.6 lacs to the learned counsel for respondents No.2 & 3. He outstanding amount as per the aforenoted schedule submitted by the learned counsel for respondents No.2 & 3. He also submits that the petitioners shall pay the future instalments as and when they fall due. The petition stands disposed of with the direction that in the event by today itself, a sum of Rs.2 lacs by amount of Rs.2,56,000/- within a period of one by 30.04.2025, their account would be regularized. The petitioners shall continue to pay the future instalments as and when they fall due. In the the petitioners, respondents No.2 & 3 would be at the liberty to initiate steps under the Securitization Act. (ANUPINDER SINGH GREWAL) JUDGE (DEEPAK MANCHANDA) JUDGE Yes / No Yes / No petitioners has handed over a demand draft for a sum of Rs.6 lacs to the learned counsel for respondents No.2 & 3. He outstanding amount as per the aforenoted schedule submits that The petition stands disposed of with the direction that in the event sum of Rs.2 lacs by within a period of one by 30.04.2025, their account would be regularized. The petitioners shall continue to pay the future instalments as and when they fall due. In the the SWARNJIT SINGH 2025.03.07 15:01 I attest to the accuracy and integrity of this document