1 2025:CGHC:6485 NAFR HIGH COURT OF CHHATTISGARH AT BILASPUR WPC No. 769 of 2025 1 - I.I.F.L Home Finance Limited, Through The Authorized Officer - Mr. Ashok Awasthi, S/o Gopal Ram Sharma, Aged About 42 Years Designation Legal Manager, Branch Office First Floor, Lal Ganga City Mart, Banjari Chowk, In Front Of Hotel Amit, Raipur, District Raipur (C.G.). Petitioner(s) versus 1 - State Of Chhattisgarh Secretary, General Administration, Mahanadi Bhawan, New Mantralaya, Atal Nagar, New Raipur (C.G.). 2 - The District Magistrate, District - Durg (C.G.) (Authority Under Sec 14 Of The Sarfaesi Act) 3 - Tehsildar, Durg District Durg (C.G.). 4 - Shri Paramjit Singh S/o Shri Daya Singh Aged About 42 Years R/o Jalaram Hotel, Kailash Nagar Bhilai, Tehsil And District - Durg (C.G.). 5 - Smt. Satvendar Kaur W/o Paramjit Singh Aged About 40 Years R/o Jalaram Hotel, Kailash Nagar Bhilai, Tehsil And District - Durg (C.G.). Respondent(s) For Petitioner(s) : Ms. Nupoor Sonkar, Advocate For Resp No. 1 to 3. : Mr. Shreyansh Mehta RAHUL JHA Digitally signed by RAHUL JHA Date: 2025.02.06 10:50:08 +0530 2 (HON’BLE SHRI JUSTICE BIBHU DATTA GURU) Order on Board 05/02/2025 1. By the present writ petition, the petitioner is seeking direction towards respondent No.2 to provide the physical possession of the secured assets in favour of the petitioner. 2. Learned counsel for the petitioner submits that on the application under Section 14 of the Act, 2002, the Collector-cum-District Magistrate passed an order dated 18/03/2024 (Annexure-P/1) for handing over the possession of the secured assets to the petitioner, however, the same has not been done till date. Referring to the representation dated 15/05/2024, she submits that despite the order dated 18/03/2024, no initiative has taken place in accordance with the Act, 2002 for granting possession of the secured assets to the petitioner. 3. Learned counsel for the State would submit that in compliance of the order passed by the Collector, necessary steps will be taken for handing over the possession of the secured assets to the petitioner. 4. I have heard counsel for the parties and perused the order passed by the Collector dated 18/03/2024 (Annexure-P/1) and representation dated 15/05/2024. 5. From perusal of the order passed by the Collector and provisions of the Act, 2002, it appears that the provision of Section 14 of the 3 Act, 2002 is very specific that the Collector shall assist the Bank or the Financial Institution for taking over the possession of the mortgaged property within a stipulated period, but the same has not been followed in the present case till date, though more than 10 months have elapsed. 6. Hence, the Collector, Durg is directed to take appropriate and necessary steps in compliance of the provisions of Sections 14 of the Act and in pursuance of the order dated 18/03/2024 (Annexure-P/1) to hand over the possession of the secured assets to the petitioner within a period of 50 days from today. 7. With the aforesaid direction, the writ petition is disposed of. Sd/- (BIBHU DATTA GURU) JUDGE Rahul