JUDGMENT

Mr. Ajay Kumar Mittal, J.:- The petitioners through the instant writ petition pray for a writ in the nature of certiorari for quashing the impugned sale notice dated 06.03.2018, Annexure P.1 and all proceedings and actions taken by respondent No.1-State Bank of India consequent and pursuant thereto, including auction proceedings dated 20.04.2018, Annexure P.2, sale confirmation letter dated 23.04.2018, Annexure P.3, qua house No.315, Sector-9, Panchkula being wholly, arbitrary, illegal, unfair and unjust, thereby causing undue loss to them. Direction has also been sought to respondent No.1-Bank to consider the offer of a much higher price of Rs. 2.05 crore than the auction price of Rs. 1,81,50,000/- for the house in question.

2. A few facts relevant for the decision of the controversy involved as narrated in the petition may be noticed. Petitioners No.1 and 2 were owners of residential house No. 315, Sector-9, Panchkula which was mortgaged as collateral security for availing loan from respondent No1- bank. The loan was availed by M/s Swami Automobiles Private Limited in which son of the petitioner No.2 and brother of petitioner No.1 is one of the Directors. M/s Swami Automo