HARWINDER SINGH vs DEBT RECOVERY TRIBUNAL LLL AND ANR

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 196 CWP-17647-2026 Date of Decision: 27.05.2026 HARWINDER SINGH ...Petitioner Versus DEBT RECOVERY TRIBUNAL-III AND ANR ...Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI Present:- Mr. Karan Bhardwaj, Advocate and Mr. Pardeep Kumar, Advocate, for the petitioner. Mr. Rahul Garg, Advocate, for the respondent-Bank (through V.C.) ***** SUVIR SEHGAL, J. (ORAL) 1. Counsel for the petitioner states that possession of commercial vehicle (truck) has been forcibly taken by the respondent-Bank on account of default in payment of loan instalments. He states that petitioner is willing to deposit an amount of Rs.2,45,000/- immediately against the outstanding amount and requests that the vehicle be released. 2. Advance copy of the petition has been served upon respondent No.2-Bank. 3. Mr. Rahul Garg, Advocate, has put in appearance on behalf of respondent No.2-Bank and states that total overdue amount is Rs.6,50,000/- (approximately). He has instructions to state that in case, petitioner repays the overdue amount, commercial vehicle will be released. Statement of counsel for respondent No.2-Bank is taken on r