IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 118 MS PAUL SONS RESERVE BANK OF INDIA AND ANOTHER CORAM: HON’BLE MR. JUSTICE ANUPINDER SINGH HON’BLE MR. JUSTICE DEEPAK MANCHANDA Present: Mr. Mr. D.K. Singhal, Advocate for respondent No.2. ANUPINDER SINGH GREWAL, J. (ORAL) The petitioner is seeking a direction to respondent No.2/Bank disclose the particulars of the auction purchaser, furnish a copy of sale certificate, to disclose the process followed in auction of the immovable property in the loan account of the petitio documents related to the auction 2. Learned counsel for the petitioner submits that the petitioner is the borrower and the respondent No.2 22.07.2024 but the petitioner has not been furnished the details of the auction purchaser and a copy of the sale prefer Securitization Application (S.A.) be 3. Issue notice to respondent No.2 only at this stage. 4. At the asking of the Court, Mr. D.K. Singhal, Advocate accepts notice on behalf of respondent No.2. He submits that respondent No.2/Bank would furnish the details of the auction COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP-17495 DATE OF DECISION: 01.07.2025 MS PAUL SONS Versus RESERVE BANK OF INDIA AND ANOTHER HON’BLE MR. JUSTICE ANUPINDER SINGH HON’BLE MR. JUSTICE DEEPAK MANCHANDA Mr. Akhilesh Vyas, Advocate for the petitioner. Mr. D.K. Singhal, Advocate for respondent No.2. ANUPINDER SINGH GREWAL, J. (ORAL) The petitioner is seeking a direction to respondent No.2/Bank disclose the particulars of the auction purchaser, furnish a copy of sale disclose the process followed in auction of the immovable property in the loan account of the petitioner sold on 22.0 documents related to the auction. Learned counsel for the petitioner submits that the petitioner is the the possession of the secured asset ha respondent No.2. Respondent No.2 had also auctioned the property on 22.07.2024 but the petitioner has not been furnished the details of the auction purchaser and a copy of the sale certificate, which prefer Securitization Application (S.A.) before the DRT. Issue notice to respondent No.2 only at this stage. At the asking of the Court, Mr. D.K. Singhal, Advocate accepts notice on behalf of respondent No.2. He submits that respondent No.2/Bank would furnish the details of the auction purchaser and COURT OF PUNJAB AND HARYANA AT CHANDIGARH 17495-2025 DATE OF DECISION: 01.07.2025 … Petitioner (s) RESERVE BANK OF INDIA AND ANOTHER ... Respondent(s) HON’BLE MR. JUSTICE ANUPINDER SINGH GREWAL HON’BLE MR. JUSTICE DEEPAK MANCHANDA , Advocate for the petitioner. Mr. D.K. Singhal, Advocate for respondent No.2. The petitioner is seeking a direction to respondent No.2/Bank to disclose the particulars of the auction purchaser, furnish a copy of sale disclose the process followed in auction of the immovable property ner sold on 22.07.2024 and to provide the Learned counsel for the petitioner submits that the petitioner is the possession of the secured asset had been obtained by espondent No.2 had also auctioned the property on 22.07.2024 but the petitioner has not been furnished the details of the auction certificate, which shall enable the petitioner to fore the DRT. Issue notice to respondent No.2 only at this stage. At the asking of the Court, Mr. D.K. Singhal, Advocate accepts notice on behalf of respondent No.2. He submits that respondent No.2/Bank purchaser and provide a copy of the sale ... Respondent(s) to disclose the particulars of the auction purchaser, furnish a copy of sale disclose the process followed in auction of the immovable property and to provide the Learned counsel for the petitioner submits that the petitioner is the been obtained by espondent No.2 had also auctioned the property on 22.07.2024 but the petitioner has not been furnished the details of the auction shall enable the petitioner to At the asking of the Court, Mr. D.K. Singhal, Advocate accepts notice on behalf of respondent No.2. He submits that respondent No.2/Bank SWARNJIT SINGH 2025.07.02 09:31 I attest to the accuracy and integrity of this document CWP-17495-2025 certificate to the petitioner within a period of one week. He, however, submits that under the garb of this order, the petitioner should not take advantage for condoning the delay in filing the S.A. before the DRT and the S.A. could have even been filed wi been sought from the DRT the auction purchaser 5. Heard. 6. In view of the limited prayer of the petitioner, the petition is disposed of with the direction that respondent No.2 shall furnish particulars of the auction purchaser and copy of the sale certificate to the petitioner within period of one week as submit 7. It is clarified that this order shall not have any bearing on adjudication of the matter by the merits. 01.07.2025 SwarnjitS Whether speaking/reasoned Whether reportable 2025 certificate to the petitioner within a period of one week. He, however, submits that under the garb of this order, the petitioner should not take advantage for condoning the delay in filing the S.A. before the DRT and the S.A. could have even been filed without the afore-noted documents and direction could have been sought from the DRT to respondent No.2 to furnish the the auction purchaser. Heard. In view of the limited prayer of the petitioner, the petition is disposed of with the direction that respondent No.2 shall furnish particulars of the auction purchaser and copy of the sale certificate to the petitioner within period of one week as submitted by counsel for respondent No.2. It is clarified that this order shall not have any bearing on adjudication of the matter by the competent Tribunal either on limitation or on (ANUPINDER SINGH GREWAL) (DEEPAK MANCHANDA) Whether speaking/reasoned : Yes / No Whether reportable : Yes / No -2- certificate to the petitioner within a period of one week. He, however, submits that under the garb of this order, the petitioner should not take advantage for condoning the delay in filing the S.A. before the DRT and the S.A. could have noted documents and direction could have respondent No.2 to furnish the requisite details of In view of the limited prayer of the petitioner, the petition is disposed of with the direction that respondent No.2 shall furnish particulars of the auction purchaser and copy of the sale certificate to the petitioner within a ted by counsel for respondent No.2. It is clarified that this order shall not have any bearing on Tribunal either on limitation or on (ANUPINDER SINGH GREWAL) JUDGE (DEEPAK MANCHANDA) JUDGE Yes / No Yes / No certificate to the petitioner within a period of one week. He, however, submits that under the garb of this order, the petitioner should not take advantage for condoning the delay in filing the S.A. before the DRT and the S.A. could have noted documents and direction could have requisite details of In view of the limited prayer of the petitioner, the petition is disposed of with the direction that respondent No.2 shall furnish particulars of a It is clarified that this order shall not have any bearing on Tribunal either on limitation or on SWARNJIT SINGH 2025.07.02 09:31 I attest to the accuracy and integrity of this document