CWP-6310 IN THE HIGH COURT OF PUNJAB AND HARYANA Indian Bank District Magistrate, Ludhiana CORAM: Present: SHEEL NAGU, CHIEF JUSTICE CM-19113 withdrawal of the present application. stands dismissed as withdrawn. CWP-6310 Bank aggrieved by non 6310-2023 (O&M) IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP Date of decision : Indian Bank Versus District Magistrate, Ludhiana and others CORAM: HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON'BLE MR. JUSTICE SANJIV BERRY Ms. Jasleen Kaur, Advocate, for the petitioner. Mr. Salil Sabhlok, Senior DAG, Punjab. Mr. Zorawar Singh Chauhan for respondent No.3. Mr. Sahil Gupta, Advocate, for the applicant (in CM- **** SHEEL NAGU, CHIEF JUSTICE ( Oral ) 19113-CWP-2023 Learned counsel for the applicant prays for withdrawal of the present application. Accordingly, the application (CM stands dismissed as withdrawn. 6310-2023 (O&M)1. The present writ petition has been filed by petitioner aggrieved by non-execution of the order dated -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP-6310-2023 (O&M) Date of decision : 22.09.2025 …….Petitioner and others ...….Respondent HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE SANJIV BERRY Ms. Jasleen Kaur, Advocate, Mr. Salil Sabhlok, Senior DAG, Punjab. Zorawar Singh Chauhan, Advocate, Mr. Sahil Gupta, Advocate, -19113-CWP-2023). ( Oral ) Learned counsel for the applicant prays for withdrawal of the present application. Accordingly, the application (CM-19113-CWP-2023) The present writ petition has been filed by petitioner execution of the order dated 05.07.2019 - .2025 ...….Respondents HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE Learned counsel for the applicant prays for 2023) The present writ petition has been filed by petitioner- 05.07.2019 AJAY PRASHER 2025.09.25 19:20 I attest to the accuracy and integrity of this document CWP-6310-2023 (O&M) -2- (Annexure P-4) passed by the District Magistrate, Ludhiana, under the provisions of Section 14 of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act for brevity). 2. It is rather surprising that the District Magistrate, Ludhiana or the concerned Tehsildar-respondent No.2 have failed to discharge their statutory duty of assisting and handing over physical possession of the secured asset to the petitioner (financial institution). 2.1 Non-Performing Assets (NPAs) are a huge burden on the public exchequer, banking and financial system, and, thus, prompt enforcement of recovery mechanism under the SARFAESI Act is paramount for liquidity in the system. 3. In view of the above, this court by way of writ of mandamus directs Respondent No. 2 (Tehsildar, Ludhiana) to execute the order dated 05.07.2019 (Annexure P-4) passed under Section 14 of SARFAESI Act by handing over physical possession of the secured asset to the petitioner Bank as expeditiously as possible, preferably, within a period of 30 days. The petitioner (financial institution), thereafter, can proceed to adopt all possible legitimate means to liquidate the secured asset to recover the due amount. 4. The petition for the time being stands disposed of in the terms aforesaid. Needless to say that the guidelines laid down by Coordinate Bench in Bank of Maharashtra Vs. AJAY PRASHER 2025.09.25 19:20 I attest to the accuracy and integrity of this document CWP-6310-2023 (O&M) -3- District Magistrate, Hisar And Others [CWP-7018-2022 decided on 28.05.2024] be adhered to by the concerned authorities. 5. We hasten to add that this order shall, however, be subject to any restraint/interim/final order, which may have been passed by any judicial forum, in favour of the borrowers/ guarantor/ any aggrieved person, who is party to this lis. (SHEEL NAGU) CHIEF JUSTICE (SANJIV BERRY) September 22, 2025 JUDGE Ajay Prasher Whether speaking/reasoned : Yes/No Whether reportable : Yes/No AJAY PRASHER 2025.09.25 19:20 I attest to the accuracy and integrity of this document