CWP-15116-2021 ( O&M ) IN THE HIGH COURT OF PUNJAB AND HARYANA M/s Abhimanu Visions Educational Private Limited Punjab National Bank CORAM: HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON'BLE MR. JUSTICE SANJIV BERRY Present: SHEEL NAGU, CHIEF JUSTICE in terms of interim order dated 03.05.2023 passed by this Court, as on 10.07.2025, a borrower. 2. Rs. 43,00,000/ respondent including coercive steps, Financial Assets and Enforcement of Security Interest Act, 2002 (‘SARFAESI Act’, for brevity), to liquidate the secured assets and recover the 2021 ( O&M ) IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH M/s Abhimanu Visions Educational Private Limited Versus National Bank CORAM: HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON'BLE MR. JUSTICE SANJIV BERRY Mr. Shikhar Sarin, Advocate, for the petitioner. Mr. C.S. Pasricha, Advocate (through video conferencing), and Mr. Sushil K. Bhardwaj, Advocate, for the respondent – Bank. **** SHEEL NAGU, CHIEF JUSTICE ( Oral ) Learned counsel for the respondent in terms of interim order dated 03.05.2023 passed by this Court, as on 10.07.2025, an amount of Rs. 43,00,000/ Accordingly, it is ordered that if the aforesaid amount of Rs. 43,00,000/- is not paid by the petitioner within a period of ten days, the respondent – Bank would be free to proceed by taking all possible steps including coercive steps, under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (‘SARFAESI Act’, for brevity), to liquidate the secured assets and recover the -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP-15116-2021 ( O&M ) Date of decision : 08.08.2025 M/s Abhimanu Visions Educational Private Limited …….Petitioner ...….Respondents CORAM: HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON'BLE MR. JUSTICE SANJIV BERRY Mr. C.S. Pasricha, Advocate (through video conferencing), and Sushil K. Bhardwaj, Advocate, ( Oral ) Learned counsel for the respondent – Bank does not dispute that in terms of interim order dated 03.05.2023 passed by this Court, as on n amount of Rs. 43,00,000/- was due against the petitioner Accordingly, it is ordered that if the aforesaid amount of is not paid by the petitioner within a period of ten days, the o proceed by taking all possible steps Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (‘SARFAESI Act’, for brevity), to liquidate the secured assets and recover the due amount. 2021 ( O&M ) .2025 …….Petitioner ...….Respondents Mr. C.S. Pasricha, Advocate (through video conferencing), and Bank does not dispute that in terms of interim order dated 03.05.2023 passed by this Court, as on was due against the petitioner – Accordingly, it is ordered that if the aforesaid amount of is not paid by the petitioner within a period of ten days, the o proceed by taking all possible steps, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (‘SARFAESI due amount. NAROTAM DASS 2025.08.11 17:30 I attest to the accuracy and authenticity of this order/judgment CWP-15116-2021 ( O&M ) 3. the measures taken by the respondent Debts Recovery Tribunal by invoking Section 17 or Section 18 of the SARFAESI Act, as the case m 4. 5. August 08, 2025 narotam Whether speaking/reasoned Whether reportable 2021 ( O&M ) However, in case the petitioner the measures taken by the respondent – Bank, he is always free to approach the Debts Recovery Tribunal by invoking Section 17 or Section 18 of the SARFAESI Act, as the case may be. Accordingly, the petition stands disposed of. All the pending applications also stand disposed of. August 08, 2025 Whether speaking/reasoned Whether reportable -2- However, in case the petitioner – borrower is aggrieved by any of Bank, he is always free to approach the Debts Recovery Tribunal by invoking Section 17 or Section 18 of the Accordingly, the petition stands disposed of. All the pending applications also stand disposed of. ( SHEEL NAGU ) CHIEF JUSTICE ( SANJIV BERRY ) JUDGE Yes/No Yes/No borrower is aggrieved by any of Bank, he is always free to approach the Debts Recovery Tribunal by invoking Section 17 or Section 18 of the NAROTAM DASS 2025.08.11 17:30 I attest to the accuracy and authenticity of this order/judgment