M/S CROSS COUNTRY APPARELS v. CANARA BANK AND OTHERS
CWP/872/2023 · 2025-08-29
Sanjiv Berry
body2025
DailyLaw.ai
[ 2025 DAILYLAW 12925 (PNJ) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 12925 (PNJ) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
CWP-872-2023
IN THE HIGH COURT OF PUNJAB AND HARYANA
M/sCross Country Apparels Canara Bank
CORAM: HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON'BLE MR. JUSTICE SANJIV BERRY
Present:
SHEEL NAGU, CHIEF JUSTICE
1. challenging order dated 27.06.2017 (Annexure P District Magistrate, Ludhiana (respondent No.2) under Secti Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (in short, ‘SARFAESI Act’) and the consequent notice dated 12.12.2022 (Annexure P Ludhiana (respondent asset. 2. respondent No.1 Bank, seeking execution of the aforesaid order dated 2023 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH
M/sCross Country Apparels
Versus Canara Bank and others
HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON'BLE MR. JUSTICE SANJIV BERRY Mr. Pankaj Gupta, Advocate, for the petitioner. Mr. Gaurav Goel, Advocate, for respondent No.1 – Bank. Mr. Vipin Pal Yadav, Addl. Advocate
**** SHEEL NAGU, CHIEF JUSTICE ( Oral ) The petitioner, who is borrower, has approached this Court challenging order dated 27.06.2017 (Annexure P District Magistrate, Ludhiana (respondent No.2) under Secti Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (in short, ‘SARFAESI Act’) and the consequent notice dated 12.12.2022 (Annexure P-8) issued by the Executive Magistrate, Ludhiana (respondent No.4) for taking over physical possession of the secured Since the connected petition (CWP respondent No.1 Bank, seeking execution of the aforesaid order dated -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH
CWP-872-2023 Date of decision : 29.08.2025
…….Petitioner
...….Respondents HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON'BLE MR. JUSTICE SANJIV BERRY
Mr. Vipin Pal Yadav, Addl. Advocate General, Punjab.
( Oral ) petitioner, who is borrower, has approached this Court challenging order dated 27.06.2017 (Annexure P-4) passed by Additional District Magistrate, Ludhiana (respondent No.2) under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (in short, ‘SARFAESI Act’) and the consequent 8) issued by the Executive Magistrate, No.4) for taking over physical possession of the secured Since the connected petition (CWP-28613-2019) filed by respondent No.1 Bank, seeking execution of the aforesaid order dated
2023 Date of decision : 29.08.2025
…….Petitioner ...….Respondents petitioner, who is borrower, has approached this Court 4) passed by Additional on 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (in short, ‘SARFAESI Act’) and the consequent 8) issued by the Executive Magistrate, No.4) for taking over physical possession of the secured 2019) filed by respondent No.1 Bank, seeking execution of the aforesaid order dated NAROTAM DASS 2025.09.03 16:48 I attest to the accuracy and authenticity of this order/judgment
CWP-872-2023
27.06.2017, has been disposed of by this Court, vide separate date, therefore, the instant petition also stands disposed of with liberty to the petitioner –
August 29, 2025 narotam
Whether speaking/reasoned Whether reportable
2023 27.06.2017, has been disposed of by this Court, vide separate date, therefore, the instant petition also stands disposed of with liberty to the – borrower to approach the DRT in accordance with law. , 2025
Whether speaking/reasoned Whether reportable -2- 27.06.2017, has been disposed of by this Court, vide separate order of even date, therefore, the instant petition also stands disposed of with liberty to the borrower to approach the DRT in accordance with law. ( SHEEL NAGU )
CHIEF JUSTICE ( SANJIV BERRY )
JUDGE Yes/No Yes/No
order of even date, therefore, the instant petition also stands disposed of with liberty to the NAROTAM DASS 2025.09.03 16:48 I attest to the accuracy and authenticity of this order/judgment