JUDGMENT :

Talwant Singh, J.

1. By this common order above-mentioned three writ petitions are disposed of. First of these writ petition bearing No. 4802/2015 has been filed by Sh. Rajan Arora, Sh. Neeru Malhotra. Petitioner No.1 claims to be ex-director of Respondent No.3 company and Petitioner No.2 is the earlier guarantor of loan/credit facilities enjoyed by Respondent No.3 company from Respondent No.1 & 2 bank. Union Bank of India is Respondent Nos. 1 and 2. Respondent No. 3 is a company named M/s Faishan Flairs India Private Limited. Respondent No. 4 is Sh. Ram Raghubir Pandey, who is ex-director of Respondent No.3 company, Respondent No. 5 is Sh. Raman Mehta and Respondent No. 6 Smt. Geetha Mehta are the new directors of Respondent No.3 company and Respondent No. 7 Sh. Kuldeep Singh had mortgaged his property to Respondent Bank for the loan facilities extended to Respondent No.3 company. The Petitioners have challenged the order dated 25th March, 2015 passed by Debt Recovery Appellate Tribunal (‘DRAT’) in appeal No. 79/2014 by which the appeal filed by Respondent Nos. 1 and 2 Bank against the present Petitioners and Respondent No. 4 was allowed. The writ petitioner bearing No. 4