IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP-20243-2025 (O&M)

RESERVED ON: 02.08.2025 DATE OF PRONOUNCEMENT: 12.09.2025 M/S FAIR STYLE EMBROIDERY WORKS AND ANOTHER …….Petitioners Vs DEBTS RECOVERY TRIBUNAL III, CHANDIGARH & OTHERS ……..Respondents (2)

CWP-16232-2025 (O&M)

RESERVED ON: 02.08.2025 DATE OF PRONOUNCEMENT:12.09.2025 HARSIMRAN SINGH AND ANOTHER …….Petitioners Vs.

DEBTS RECOVERY TRIBUNAL-III, CHANDIGARH AND OTHERS.

…….Respondents.

CORAM : HON’BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON’BLE MR. JUSTICE SANJIV BERRY, JUDGE Present:- Mr. Rohit Suri, Advocate (Arguing Counsel)

Mr. Sandeep Suri, Advocate, Ms. Tanu Sidhu, Advocate, Mr. Karan Gaba, Advocate, and Mr. Kartiv Goyal, Advocate for the petitioners.

Mr. Rajiv Joshi, Advocate (Arguing Counsel), Ms. Deepika Mittal, Advocate, for the respondents-Bank.

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SHEEL NAGU, CHIEF JUSTICE

1. Both these petitions, bearing CWP No. 20243 of 2025 and CWP 16232 of 2025, involve a common question of law, and, therefore, are decided by the instant common order.

2. In both these petitions, the question of law involved is as follows:-

I. Whether the provisions of the Limitation Act are applicable to an application filed u/s 17 of the