Sat. Jan 23rd, 2021

Patricia Helen Atwal vs M/S. Ing Vyasa Bank Ltd. & Ors. on 29 January, 2016

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1. The respondent No.1/bank had advanced a credit to M/s.Atwal and
Associates, a partnership firm of which Zorawar Singh Atwal and Premjit
Singh Atwal were partners. The two have stood guarantees to pay the
outstanding sum to the bank should the firm default.
2. Premjit Singh Atwal is the husband of the petitioner.
3. The credit became sticky. The bank initiated recovery proceedings
under Section 19 of the Recovery of Debts Due to Banks and Financial
Institutions Act, 1993. The same was registered as OA No.81/2005. The
bank sought attachment of the hypothecated vehicles by the partnership
firms and also two immovable properties, one of which was owned by the
husband of the petitioner. The same is a villa bearing No.E.G.3/14,
Garden Estate, Gurgaon – 122002.

Source: Indian Kanoon

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