A micro-enterprise proprietor petitioned against a Bank of Baroda auction/sale notice over its MSME loan. The bank stated it would not pursue the auction and would refer the loan for restructuring; the writ petition was disposed of as infructuous.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Sr. No.110
IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH
CWP-33497-2024 (O&M) Date of Decision : 13.12.2024 Pawan Kuma r Proprietor of M/s Green Hill, Udyam registered, Micro Enterprise …Petitioner
Versus
Bank of Baro d a and another …Respondents
CORAM : HON’BLE MR. JUSTICE ANUPINDER SINGH GREWAL HON’BLE MS. JUSTICE LAPITA BANERJI Present : M r. Naveen Sharma, Advocate, f o r the petitioner.
M r. Naman Jain, Advocate, f o r the respondent-Bank. ***
ANUPINDER SINGH GREWAL, J. (Oral)
Learned counsel for the respo n dent-Bank upon instructions from Ms. Rit u , Law Officer, Bank of Barod a , Regional Office, Ludhiana submits that they are not taking further steps in pursuance to the auction/sale n o tice dated 13.11.2024 and wo u ld be referring the matter to the Committe e for restructuring of the loan ac c ount of the MSMEs. I n view of the statement of th e counsel for the respondentBank, this pet i tion has been rendered infructu o us at this stage. The petition stands disposed of a c cordingly.
(ANUPINDER SINGH GREWAL) JUDGE
(LAPITA BANERJI) JUDGE
December 13, 2024 vandana Whether spea k ing/reasoned : Yes/No Whether repo r table : Yes/No
VANDANA 2024.12.16 10:49 I attest to the accuracy and integrity of this document
Page 1 of 1
1 issue framed by the court
Would the bank proceed with the auction/sale of the petitioner's MSME loan account assets?
Pawan Kumar, Proprietor of M/s Green Hill
Bank of Baroda
Anupinder Singh Grewal
Lapita Banerji
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
