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High Court of Punjab and Haryana · body

2002 DAILYLAW 1699 (PNJ)

SMFG INDIA CREDIT CO. LTD. v. MS.LALITA EXECUTIVE MAGISTRATE (TESHILDAR), GANAUR, CUM-EXECUTIVE MAGISTRATE (TEHSILDAR), GANAUR

COCP/2002/2026 · 2026-07-15

Harpreet Kaur Jeewan

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Judgment text

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COCP COCP COCP COCP----2002 2002 2002 2002 106 106 106 106 IN THE HIGH COURT OF PUNJAB AND HARYANA IN THE HIGH COURT OF PUNJAB AND HARYANA IN THE HIGH COURT OF PUNJAB AND HARYANA IN THE HIGH COURT OF PUNJAB AND HARYANA SMFG INDIA CREDIT COMPANY LTD. SMFG INDIA CREDIT COMPANY LTD. SMFG INDIA CREDIT COMPANY LTD. SMFG INDIA CREDIT COMPANY LTD. MS. LALITA MS. LALITA MS. LALITA MS. LALITA CORAM: HON’BLE MS. JUSTICE HARPREET KAUR JEEWAN CORAM: HON’BLE MS. JUSTICE HARPREET KAUR JEEWAN CORAM: HON’BLE MS. JUSTICE HARPREET KAUR JEEWAN CORAM: HON’BLE MS. JUSTICE HARPREET KAUR JEEWAN Present: HARPREET KAUR JEEWAN, J. (Oral) HARPREET KAUR JEEWAN, J. (Oral) HARPREET KAUR JEEWAN, J. (Oral) HARPREET KAUR JEEWAN, J. (Oral) 1. order dated 11.02.2026, passed by the Writ Court in CWP (Annexure P passed by the District Magistrate, Sonipat, under Section 14 Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 complied with; and the aforesaid asset to the petitioner/company within a period of 30 days 2. informs that physical possession of the secured asset has been handed over to the petitioner on 01.05.2026. 2002 2002 2002 2002----2026 2026 2026 2026 (O&M) (O&M) (O&M) (O&M) -1- IN THE HIGH COURT OF PUNJAB AND HARYANA IN THE HIGH COURT OF PUNJAB AND HARYANA IN THE HIGH COURT OF PUNJAB AND HARYANA IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH AT CHANDIGARH AT CHANDIGARH AT CHANDIGARH SMFG INDIA CREDIT COMPANY LTD. SMFG INDIA CREDIT COMPANY LTD. SMFG INDIA CREDIT COMPANY LTD. SMFG INDIA CREDIT COMPANY LTD. Versus MS. LALITA MS. LALITA MS. LALITA MS. LALITA CORAM: HON’BLE MS. JUSTICE HARPREET KAUR JEEWAN CORAM: HON’BLE MS. JUSTICE HARPREET KAUR JEEWAN CORAM: HON’BLE MS. JUSTICE HARPREET KAUR JEEWAN CORAM: HON’BLE MS. JUSTICE HARPREET KAUR JEEWAN Mr. Karnesh Verma, Advocate (through VC), for the petitioner. Mr. Sharad Aggarwal, Addl.A.G., Haryana. HARPREET KAUR JEEWAN, J. (Oral) HARPREET KAUR JEEWAN, J. (Oral) HARPREET KAUR JEEWAN, J. (Oral) HARPREET KAUR JEEWAN, J. (Oral) The petitioner is aggrieved against non order dated 11.02.2026, passed by the Writ Court in CWP (Annexure P-1), whereby it was alleged that the order dated 30.09.2025 passed by the District Magistrate, Sonipat, under Section 14 Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘the SARFAESI Act’) complied with; and a direction was issued to aforesaid order by handing over physical possession of the secured asset to the petitioner/company within a period of 30 days Learned State counsel representing the respondents informs that physical possession of the secured asset has been handed over to the petitioner on 01.05.2026. IN THE HIGH COURT OF PUNJAB AND HARYANA IN THE HIGH COURT OF PUNJAB AND HARYANA IN THE HIGH COURT OF PUNJAB AND HARYANA IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH AT CHANDIGARH AT CHANDIGARH AT CHANDIGARH COCP COCP COCP COCP----2002 2002 2002 2002----2026 2026 2026 2026 (O&M) (O&M) (O&M) (O&M) Date of decision Date of decision Date of decision Date of decision:::: 15 15 15 15.0.0.0.07777.2026 .2026 .2026 .2026 SMFG INDIA CREDIT COMPANY LTD. SMFG INDIA CREDIT COMPANY LTD. SMFG INDIA CREDIT COMPANY LTD. SMFG INDIA CREDIT COMPANY LTD. ...PETITIONER ...RESPONDENT CORAM: HON’BLE MS. JUSTICE HARPREET KAUR JEEWAN CORAM: HON’BLE MS. JUSTICE HARPREET KAUR JEEWAN CORAM: HON’BLE MS. JUSTICE HARPREET KAUR JEEWAN CORAM: HON’BLE MS. JUSTICE HARPREET KAUR JEEWAN Mr. Karnesh Verma, Advocate (through VC), Mr. Sharad Aggarwal, Addl.A.G., Haryana. The petitioner is aggrieved against non-compliance of the order dated 11.02.2026, passed by the Writ Court in CWP-4036-2026 it was alleged that the order dated 30.09.2025 passed by the District Magistrate, Sonipat, under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement (for short, ‘the SARFAESI Act’) was not direction was issued to the respondent to execute hysical possession of the secured asset to the petitioner/company within a period of 30 days. Learned State counsel representing the respondents informs that physical possession of the secured asset has been handed ATUL SETHI 2026.07.23 15:47 I attest to the accuracy and authenticity of this document Chandigarh COCP COCP COCP COCP----2002 2002 2002 2002 3. Panchnama aggrieved for non 4. 5. already complied with secured asset has been received by the petitioner necessary documentary formalities shall be completed within of 14 days from today. 6. petition and the same is disposed of accordingly. 7. disposed of. 15 15 15 15.0.0.0.07777.2026 .2026 .2026 .2026 atulsethi Whether Whether Reportable : 2002 2002 2002 2002----2026 2026 2026 2026 (O&M) (O&M) (O&M) (O&M) -2- Learned counsel for the petitioner contends that Panchnama has not been signed by the Tehsildar, as such, he is still aggrieved for non-compliance of the aforesaid order. I have considered the aforesaid submissions. The direction issued vide order dated 11.02.2026 stands already complied with, as admittedly, the physical possession of the secured asset has been received by the petitioner necessary documentary formalities shall be completed within 14 days from today. In view of the above, nothing survives in the present petition and the same is disposed of accordingly. Pending miscellaneous applications, if any, shall stand disposed of. .2026 .2026 .2026 .2026 [HARPREET KAUR JEEWAN] [HARPREET KAUR JEEWAN] [HARPREET KAUR JEEWAN] [HARPREET KAUR JEEWAN] Whether speaking / reasoned : Whether Reportable : Learned counsel for the petitioner contends that has not been signed by the Tehsildar, as such, he is still compliance of the aforesaid order. I have considered the aforesaid submissions. order dated 11.02.2026 stands as admittedly, the physical possession of the secured asset has been received by the petitioner-company. The necessary documentary formalities shall be completed within a period In view of the above, nothing survives in the present petition and the same is disposed of accordingly. Pending miscellaneous applications, if any, shall stand [HARPREET KAUR JEEWAN] [HARPREET KAUR JEEWAN] [HARPREET KAUR JEEWAN] [HARPREET KAUR JEEWAN] JUDGE JUDGE JUDGE JUDGE Yes No Yes No ATUL SETHI 2026.07.23 15:47 I attest to the accuracy and authenticity of this document Chandigarh