M/S SAINI RICE AND GENERAL MILLS AND ANOTHER vs PUNJAB AND SIND BANK AND ANOTHER

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 110 CWP-6751-2022 (O&M) Date of Decision: 19.05.2026 M/s Saini Rice and General Mills and another ....Petitioners Versus Punjab and Sind Bank and another ....Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI ---- Present: Mr. Aalok Jagga, Advocate and Mr. H.S.Jagdev, Advocate for the petitioners. Mr. Gaurav Goel, Advocate for respondent No.1–Bank. **** SUVIR SEHGAL, J. (ORAL) 1. After addressing for some time, Mr. Aalok Jagga, Advocate seeks and is granted permission to withdraw the writ petition with liberty to take recourse to the alternate remedies provided under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. 2. Dismissed as withdrawn with liberty as aforesaid. 3. At this stage, Mr. Aalok Jagga, Advocate points out that sale of secured asset was scheduled for 04.03.2022 and the present writ petition was instituted on 29.03.2022. It is his assertion that petitioner had approached this Court within a period of 45 days of the scheduled auction. On the basis of said dates, Mr. Jagga submits that he may be permitted to approach the VARINDER