AU SMALL FINANCE BANK LTD v. ADDITIONAL DISTRICT MAGISTRATE MOGA
CWP/18153/2025 · 2025-07-07
Anupinder Singh Grewal, Deepak Manchanda
body2025
DailyLaw.ai
[ 2025 DAILYLAW 73545 (PNJ) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 73545 (PNJ) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
CWP-18153-2025 -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 115 CWP-18153-2025 Date of decision : 07.07.2025 AU Small Finance Bank Ltd.
... Petitioner Versus Additional District Magistrate, Moga and others
... Respondents
CORAM : HON'BLE MR. JUSTICE ANUPINDER SINGH GREWAL HON'BLE MR. JUSTICE DEEPAK MANCHANDA Present:- Ms. Deepika Mittal, Advocate for the petitioner. *** Anupinder Singh Grewal, J. (Oral) The petitioner is seeking a direction to the respondents to implement the order dated 12.11.2024 (Annexure P-3) passed by respondent No.1 to enable it to take physical possession of the secured assets.
2.
Learned counsel for the petitioner submits that although the order under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 has been passed by the Additional District Magistrate, Moga, on 12.11.2024 (Annexure P-3), but the petitioner has not been able to secure the physical possession of the secured asset for want of police help.
3. Issue notice to respondents No.1 to 4 only at this stage.
4. At the asking of the Court, Mr. Aftab Singh Khara, Senior DAG, Punjab, accepts notice on behalf of respondents No.1 to 4.
5. Heard.
SONIA GUGNANI 2025.07.08 09.02 I attest to the accuracy and integrity of this document Chandigarh
CWP-18153-2025 -2-
6. In view of the limited prayer, this petition is disposed of with a direction to respondents No.2 to 4 to implement order passed on 12.11.2024 (Annexure P-3) to enable the petitioner to take physical possession of the secured asset in accordance with law expeditiously preferably within a period of two months from the date of receipt of 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 July 07, 2025 sonia gugnani Whether speaking/reasoned : Yes/No Whether reportable : Yes/No SONIA GUGNANI 2025.07.08 09.02 I attest to the accuracy and integrity of this document Chandigarh