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TMI Blog2015 (1) TMI 1484X X X X Extracts X X X X X X X X Extracts X X X X ..... tion dated 27-07-2012 passed by the respondent/Bank cancelling certain proceedings initiated for sale of the property in question through a private treaty entered into under Rule 8 of Security Interest (Enforcement) Rules, 2002, the petitioner has filed this petition. Even though various grounds are raised in the writ petition and various arguments were canvassed at the time of hearing to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt of tax by the Commercial Tax Department was made. On the allegation that the petitioner is not complying with the agreement entered into, the Bank by the impugned communication dated 27-07-2012 has cancelled the memorandum of the understanding entered into under Rule 8 of Rule 2002 and therefore, this petition. For for the present the sole question before us is as to whether the petitioner shou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ated and resolved in these statutory proceedings and it is not appropriate for this court to exercise its extraordinary jurisdiction in these proceedings under Article 226 of the Constitution of India to interfere when a statutory Tribunal has jurisdiction to deal with the matter. The issue with regard to refund of amount paid by the petitioner to the Commercial Tax Department is also kept open t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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