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TMI Blog2016 (5) TMI 1233X X X X Extracts X X X X X X X X Extracts X X X X ..... he expenses, which it actually incurred as per law. The first installment is to be paid by the writ petitioners/respondents on or before 20.03.2016 in a sum of ₹ 25 Lakhs. We record the undertaking of the writ petitioners/respondents that they will not transfer the property consisting of plant, machinery and the building to anyone nor will they create any third party interest till the entire ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nted relief to the writ petitioners/respondents noting that the intention of the writ petitioners is bonafide in paying the arrears to the bank, which they are ready to pay in installments and it was, accordingly, that the following order was made: 2. In the light of aforesaid facts and circumstances, the following order is made: i) The respondent bank will let the petitioner know, withi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bring all these facts to the notice of the local District Judge, Pauri Garhwal, and with his permission, will be at liberty to take the possession of the factory itself. v) If the bank does not cooperate in making compliance of the order of this Court, then the petitioner will be at liberty to approach the police and to take the possession of the factory after breaking open the lock of the sa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... petitioners. 5. Learned counsel for the writ petitioners/ respondents would submit that the writ petitioners undertake that they will not transfer the property consisting of plant, machinery and the building and that they will not create any third party interest till the outstanding amount of the Bank is repaid. He would further submit that an amount of ₹ 25 Lakhs as the first installmen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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