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