215 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP-5762-2025 Date of decision: 03.07.2025 NAYANTAR OIL MILL PROPRIETORSHIP TRADE NAME OF ANKIT BANSAL AND OTHERS ..PETITIONERS Versus DISTRICT MAGISTRATE CHARKHI DADRI HARYANA AND OTHERS ..RESPONDENTS CORAM: HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON'BLE MR. JUSTICE SANJIV BERRY Present: Mr. Nischal Chetanya Manchanda, Advocate (through Video Conferencing) and Mr. Devyansh, Advocate for the petitioners. Mr. Deepak Balyan, Addl. A.G. Haryana. Mr. Rajesh Punj, Advocate; Mr. Sahaj Punj, Advocate and Mr. Sarvesh Rattan, Advocate for respondent-Bank. * * * * SHEEL NAGU, C.J. (Oral) After arguing for a while, learned counsel for the petitioners pray for withdrawal of the present petition filed primarily for extending the period of repayment of loan amount with regard to which there were serious defaults leading to issuance of order under Section 14 of SARFAESI Act, 2002 passed on 11.02.2025 KANIKA 2025.07.07 05:03 215 CWP-5762-2025 -2- (Annexure P-2) by the Duty Magistrate/Sub-Panchayati Raj Engineer, Charkhi Dadri. 2. Petition accordingly stands dismissed as withdrawn with liberty to the Bank to liquidate the secured assets and also to the petitioner to avail remedy under the SARFAESI Act in accordance with law. (SHEEL NAGU) CHIEF JUSTICE (SANJIV BERRY) July 03, 2025 JUDGE kanika Whether speaking/reasoned Yes/No Whether reportable Yes/No