TMI Blog2018 (5) TMI 1735X X X X Extracts X X X X X X X X Extracts X X X X ..... receipt of order. - CWP-13706-2018 - - - Dated:- 28-5-2018 - MR. AJAY KUMAR MITTAL, ACJ. AND MR. TEJINDER SINGH DHINDSA, J. For The Petitioner : Ms. Rita Kohli, Senior Advocate with Mr. Pradeep Sharma, Advocate ORDER AJAY KUMAR MITTAL, ACJ. 1. In this writ petition filed under Articles 226/227 of the Constitution of India, the petitioner has prayed for issuance of a writ in the nature of mandamus directing the respondents to release an amount of ₹ 3.68 crores to the petitioner towards loss of interest due to premature withdrawal of the FDRs and retention of money by the respondents. 2. The petitioner is a Statutory Authority created under the Punjab Laws (Special Provisions) Act, 2013 (Annexure P-1) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted 9.4.2015 (Annexure P-6) requested respondent No.2 to refund a sum of ₹ 29,85,39,376.93. In response thereto, respondent No.1 vide letter dated 1.5.2015 (Annexure P-7) asked the petitioner to send certain documents. Respondent No.3 vide letter dated 11.5.2015 (Annexure P-8) submitted the requisite documents as sought for by respondent No.1. State Bank of India sent a letter dated 8.9.2015 (Annexure P-9) to respondent No.4 along with a cheque dated 8.9.2015 (Annexure P-10) amounting to ₹ 29.85 crores in favour of respondent No.3. Respondent No.3 vide its communication dated 18.9.2015 (Annexure P-11) returned the cheque dated 8.9.2015 to respondent No.2 with a request to issue cheque in favour of the petitioner instead of respo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .9.2015 (Annexure P-12) followed by the reminders dated 4.12.2015, 28.1.2016 and 26.5.2016 (Annexures P-13, P-15 and P-16, respectively) to respondents No.1 and 2, but no action has so far been taken thereon. 4. After hearing learned counsel for the petitioner, perusing the present petition and without expressing any opinion on the merits of the case, we dispose of the present petition by directing respondent No.1 to take a decision on the letter dated 24.9.2015 (Annexure P-12) followed by the reminders dated 4.12.2015, 28.1.2016 and 26.5.2016 (Annexures P-13, P-15 and P-16, respectively), in accordance with law by passing a speaking order and after affording an opportunity of hearing to the petitioner within a period of three months fro ..... X X X X Extracts X X X X X X X X Extracts X X X X
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