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TMI Blog2012 (10) TMI 370X X X X Extracts X X X X X X X X Extracts X X X X ..... d counsel for the petitioner was unable to justify as to how the present petition was maintainable - writ dismissed. - CWP No.18816 of 2012 - - - Dated:- 21-9-2012 - MR. AJAY KUMAR MITTAL AND MR. GURMEET SINGH SANDHAWALIA JJ. Present:- Mr. R.S.Kundu, Advocate for the petitioner. Ajay Kumar Mittal, J. 1. Through the present petition filed under Articles 226/227 of the Constitution of India, the petitioner prays for issuance of a writ in the nature of certiorari for quashing advertisement dated 9.8.2012, Annexure P.14, letter dated 9.8. 2012, Annexure P.13 and notice dated 20/24th October 1997, Annexure P.7 under Section 29 of the State Financial Corporation Act, 1951 (in short, the Act ) for sale of unit of the petitione ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ering cases of investment incentive under the Code examined the case of the petitioner and sanctioned incentive of Rs. 22,55,400/- in favour of the petitioner to be disbursed under Rule 7.5 of the Code. The petitioner company defaulted in payment of loan from July 1995 during which month it was declared defaulter to the extent of Rs. 8 lacs and it was issued a show cause notice under Section 29 of the Act. According to the petitioner, capital subsidy of Rs.22,55,400/- was received direct by PSIDC from the Director of Industries, Punjab on behalf of the petitioner-company. Even after the continuous payments by the petitioner, respondent No.3-Corporation issued a notice dated 20.10.1997 (Annexure P.7) to it to make payment of Rs. 33.43 la ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orporation and the Punjab State Industrial Development Corporation for re-scheduling of the dues of loans and for grant of other relief. Learned counsel for the respondents Corporations stated that their clients do not have any objection to the grant of request made by the petitioner. In view of the above, we accept the request of Shri Garg and dismiss the writ petition as withdrawn with liberty to the petitioner to approach the concerned authorities of the Corporation. We further direct that the representation(s), if any, made by the petitioner within 15 days from today, shall be sympathetically considered by the concerned authorities and decided within two months from the date of submission. 4. The petitioner has now sought to chal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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