JUDGMENT :

Abhay Manohar Sapre, J.

1. Leave granted.

2. These appeals are directed against the final judgment and order dated 14.11.2014 passed by the High Court of Punjab & Haryana at Chandigarh in CM No.12188/2014 in C.W.P. No. 15042/2003 and final order dated 01.08.2013 in CWP No.15042/2003 (O&M).

3. Few facts need mention infra for the disposal of these appeals that involve a short issue.

4. The respondent had taken some loan from the appellant-Punjab Financial Corporation (hereinafter referred to as “the Corporation”) for their business. It is not in dispute that the respondent failed to repay the loan in terms of the loan agreement and thus became a defaulter.

5. The matter was accordingly settled in terms of one time settlement policy of the appellant-Corporation on 01.04.2003. It is also not in dispute that while settling the dispute, by the order of the High Court dated 27.04.2006, the matter was referred to the Charted Accountant-Davinder S. Jaaj to determine the remaining outstanding balance amount payable by the respondent against their loan account to the appellant-Corporation and submit a report. It is Annexure-P5.

6. Since the dispute arose even after settlement between the