133 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP No.18453 of 2025 (O&M) Date of Decision: 07.07.2025 AXIS BANK LIMITED .....Petitioner Versus STATE OF PUNJAB THROUGH ITS PRINCIPAL SECRETARY AND ORS. ........Respondents CORAM : HON'BLE MR. JUSTICE ANUPINDER SINGH GREWAL HON'BLE MR. JUSTICE DEEPAK MANCHANDA Present: Mr. D.K. Singal, Advocate, for the petitioner. * * * * * ANUPINDER SINGH GREWAL, J. (Oral) The petitioner is seeking a direction to respondents No.3 and 4 to execute the order dated 30.04.2024 (Annexure P-2) passed by the Additional District Magistrate, Patiala 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, Patiala 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. A.S. Khara, Sr. DAG, Punjab, accepts notice on behalf of respondents No.1 to 4. 5. Heard. SANDEEP KUMAR 2025.07.07 13:55 I attest to the accuracy and integrity of this order/judgment. CWP No.18453 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 30.04.2024 passed by the Additional District Magistrate, Patiala 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 07.07.2025 sandeep Whether Speaking/Reasoned : Yes/No Whether Reportable : Yes/No SANDEEP KUMAR 2025.07.07 13:55 I attest to the accuracy and integrity of this order/judgment.