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2025 DAILYLAW 66012 (PNJ)

LIC HOUSING FINANCE LIMITED v. STATE OF PUNJAB AND OTHERS

CWP/16139/2025 · 2025-05-28

Anupinder Singh Grewal, Deepak Manchanda

body2025

Judgment text

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126 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP No.16139 of 2025 (O&M) Date of Decision: 28.05.2025 LIC HOUSING FINANCE LIMITED .....Petitioner Versus STATE OF PUNJAB AND OTHERS ........Respondents CORAM : HON'BLE MR. JUSTICE ANUPINDER SINGH GREWAL HON'BLE MR. JUSTICE DEEPAK MANCHANDA Present: Mr. Sumit Batra, Advocate, for the petitioner. * * * * * ANUPINDER SINGH GREWAL, J. (Oral) The petitioner is seeking a direction to official respondents No.1 to 4 to execute the order dated 04.02.2025 (Annexure P-3) passed by the Additional District Magistrate, S.A.S. Nagar under Section 14 of the SARFAESI Act, 2002 in a time bound manner. 2. Learned counsel for the petitioner submits that although the order under Section 14 of the SARFAESI Act, 2002, has been passed by the Additional District Magistrate, S.A.S. Nagar, but the petitioner has not been able to secure the physical possession of the secured asset. 3. Issue notice to respondents No.1 to 4 only at this stage. 4. At the asking of the Court, Mr. Baljinder Singh Sra, Additional Advocate General, Punjab, accepts notice on behalf of respondents No.1 to 4. 5. Heard. SANDEEP KUMAR 2025.05.28 17:32 I attest to the accuracy and integrity of this order/judgment. CWP No.16139 of 2025 (O&M) --2-- 6. In view of the limited prayer, the petition is disposed of with a direction to respondents No.3 and 4 to comply with the order dated 04.02.2025 passed by the Additional District Magistrate, S.A.S. Nagar to enable the petitioner to take possession of the secured asset in accordance with law expeditiously preferably within a period of two months from the date of receipt of the certified copy of this order. 7. It is clarified that we are not expressing any opinion on the merits of the matter. This order shall have no bearing on adjudication by the competent Court/Tribunal. (ANUPINDER SINGH GREWAL) JUDGE (DEEPAK MANCHANDA) JUDGE 28.05.2025 sandeep Whether Speaking/Reasoned : Yes/No Whether Reportable : Yes/No SANDEEP KUMAR 2025.05.28 17:32 I attest to the accuracy and integrity of this order/judgment.