High Court of Punjab and Haryana, Chandigarh
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M/s Jyoti Vanaspati and Allied Industrie v. The Haryana Financial Corporation and an - CWP-6615-2006  RD-P&H 10866 (20 November 2006)
CWP No.6615 of 2006
Date of Decision: 21.11.2006
M/s Jyoti Vanaspati and Allied Industries Limited Petitioner
The Haryana Financial Corporation and another Respondents
CORAM:- HON'BLE MR. JUSTICE JASBIR SINGH
HON'BLE MR. JUSTICE PRITAM PAL
Present: Shri Rahul Sharma, Advocate for the petitioner Shri Puneet Gupta, Advocate for the respondents Shri Alok Jagga, Advocate
Jasbir Singh, J. (Oral)
Counsel for the respondents states that during pendency of this writ petition, defaulted account of the petitioner's sister concern has been settled. He has placed on record a photocopy of the order passed by the Corporation on 10.11.2006. In view of settlement arrived at between the parties, we feel that there is no necessity to sell the mortgaged property as on today. It is made clear that if the petitioner/ its sister concern, commits any default in future, action shall be taken against it as per the settlement entered into between the parties and provisions of law.
( Jasbir Singh )
November 21, 2006 ( Pritam Pal )
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