JUDGMENT : 1. With consent of the learned counsel for the parties, the matter is heard finally. 2. In this writ petition, the petitioner inter-alia seeks quashment of notice issued by the respondent-Bank to the petitioner under Section 13 (2) of the SARFAESI Act 2002 as well as the writ of mandamus, directing the respondents to settle the account of the petitioner as per the Reserve Bank of India (in brevity, the RBI) guidelines. 3. When the matter was taken up today, learned counsel for the petitioner submitted that the petitioner had filed a response pursuant to the notice received by him under Section 13 (2) of the SARFAESI Act, which has been rejected by the respondents on 29th March, 2017. However, the petitioner has submitted a proposal dated 29th May, 2017 for one time settlement as per the Scheme framed by the RBI and the writ petition be disposed of with a direction to the competent authority to consider the aforesaid proposal submitted by the petitioner for one time settlement of the amounts of dues under the RBI Scheme and the pending representation submitted by the petitioner as well. 4. On the other hand, learned counsel for the respondents-Bank submits that the aforesaid proposal submitted by the petitioner as well as the pending representation submitted by the petitioner shall be dealt with in accordance with the provisions of the aforesaid Scheme. 5. In view of the aforesaid submissions and in the facts of the case, this writ petition is disposed of with a direction to the respondents-Bank to take a decision on the aforesaid proposal submitted by the petitioner for one time settlement as per the guidelines of the RBI and the pending representation submitted by the petitioner by a speaking order within a period of two weeks from today. 6. With the aforesaid directions, this writ petition is disposed of alongwith connected MPs.