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2025 DAILYLAW 86867 (PNJ)

VIKAR ALAM v. INDIAN BANK AND OTHERS

CWP/24954/2022 · 2025-08-18

Sanjiv Berry

body2025

Judgment text

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CWP-24954-2022 1 IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH 121 CWP-24954-2022 Date of decision: 18.08.2025 VIKAR ALAM ....Petitioner Versus INDIAN BANK AND OTHERS ...Respondents CORAM: HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON'BLE MR. JUSTICE SANJIV BERRY ***** Present: Mr. Krishan Singh, Advocate for the petitioner. Mr. Gaurav Goel, Advocate (Arguing counsel) Mr. Tarlok Singh, Advocate for respondent-Bank. ***** SHEEL NAGU, C.J. (Oral) 1. Present petition has been filed by borrower for quashing of notice dated 07.06.2021 (Annexure P-4) issued under Section 13(2) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short ‘the Act’) and notice dated 12.11.2021 (Annexure P-5) issued under Section 13(4) of the Act. 2. Learned counsel for the petitioner-borrower, at the very outset, prays for withdrawal of the present petition on the ground that cause raised herein has become infructuous due to the secured asset having been sold. 3. In view of the statement made by learned counsel for the petitioner, present petition stands dismissed as having become infructuous, with liberty to MOHIT GOYAL 2025.08.19 17:23 I attest to the accuracy and integrity of this document CWP-24954-2022 2 the petitioner to raise all his grievances before the Debts Recovery Tribunal, in accordance with law. (SHEEL NAGU) CHIEF JUSTICE (SANJIV BERRY) 18.08.2025 JUDGE mohit goyal Whether speaking/reasoned : Yes / No Whether reportable : Yes / No MOHIT GOYAL 2025.08.19 17:23 I attest to the accuracy and integrity of this document