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High Court of Punjab and Haryana · body

2016 DAILYLAW 3771 (PNJ)

KOTAK MAHINDRA BANK LIMITED v. STATE OF PUNJAB

CWP/12025/2026 · 2026-04-22

Suvir Sehgal, Vikas Suri

body2016

Judgment text

Extracted from the PDF above. The PDF is authoritative.

           !"!#$%% & &' &('   )   )     '$  *(' % )) + )(  *(' % )+&))         ) + )(  ,%- (.    This writ petition has been filed inter alia for issuance of a writ in the nature of mandamus directing respondents No. 3 and 4 to assist in taking over physical possession of the secured asset. 2. Counsel for the petitioner submits that order dated 11.08.2016 (Annexure P-2) has been passed by the District Magistrate, Ludhiana under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘SARFAESI Act’). But despite a lapse of more than nine years, physical possession of the secured asset has not been delivered. 3. Advance copy of the petition has been served upon the official respondents. 4. On asking, Mr. A.S. Khara, Senior DAG, Punjab, has put in HARISH KUMAR 2026.04.29 10:40 I attest to the accuracy and authenticity of this order/judgment  ! " ! # $ % appearance on behalf of respondents-state. He does not have any instructions. 5. Having heard counsel for parties and keeping in view the observations of Division Benches of this Court in Bank of Maharashtra vs. District Magistrate, Hisar and others, 2024 (2) PLR 346, as well as in IIFL Home Finance Limited vs. State of Haryana and others, Law Finder Doc ID #2875322, writ petition is disposed of with a direction to competent authority to comply with order dated 11.08.2016 (Annexure P-2) within a period of 60 days from the date of communication of the copy of this order, unless there is any legal impediment in doing so. -) + )(.   -+&)) . /0!1,     &'(  ) (*   ) (* HARISH KUMAR 2026.04.29 10:40 I attest to the accuracy and authenticity of this order/judgment