GITA MITTAL, J.

1. The instant appeal has been filed by the appellants assailing the order dated 19th March, 2018 passed by the learned Single Judge accepting OWP No.1965/2014 filed by the Punjab And Sind Bank, respondent No.1 herein.

2. By way of the writ petition, the Punjab & Sind Bank, Udhampur challenged an order dated 06th December, 2014 passed by the Lok Adalat, Udhampur permitting a settlement proposed before it.

3. The facts giving rise to the present appeal fall within a narrow compass and to the extent necessary, we note the factual background hereafter.

Factual background

4. M/S Singh Hospitality & Resorts Ltd (the appellant No.1 before us) had sought and been authorized financial facilities by the Punjab and Sind Bank (respondent No.1 herein). Daljit Singh-appellant No.2 and Sarbjeet Singh- the appellant No.3 are the Directors of the appellant No.1.The facilities which were sanctioned in 2011 to the respondent No.1 herein included an ODP limit of Rupees Twenty lakhs; and three term loans. To secure these facilities, the appellant mortgaged several properties