Research › Search › Judgment

High Court of Punjab and Haryana · body

2026 DAILYLAW 34756 (PNJ)

INDIAN BANK v. DISTRICT MAGISTRATE AND OTHERS

CWP/22915/2026 · 2026-07-27

Deepinder Singh Nalwa, Suvir Sehgal

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

CWP-22915-2026 -1- IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH (144) CWP-22915-2026 Date of decision:- 27.07.2026 Indian Bank ... Petitioner Versus District Magistrate, Ludhiana and others ... Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON’BLE MR. JUSTICE DEEPINDER SINGH NALWA Present:- Mr. Rajiv Joshi, Advocate, for the petitioner. **** SUVIR SEHGAL, J. (ORAL) 1. This writ petition has been filed, inter alia, for issuance of a writ, in the nature of mandamus, directing respondents No. 1 to 4 to provide assistance in handing over the physical possession of the secured asset. 2. Counsel for the petitioner submits that order dated 01.02.2013 (Annexure P-2) has been passed by the District Magistrate, Ludhiana under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘SARFAESI Act’), but despite of lapse of more than 13 years, physical possession of the secured asset has not been delivered. 3. Advance copy of the petition has been served upon the official respondents. 4. On asking, Mr. Amit Kumar Goyal, Additional Advocate General, Punjab has put in appearance on behalf of respondents No.1 to 4-State. He does not have any instructions. KAMAL SHARMA 2026.07.30 14:12 I attest to the accuracy and authenticity of this order/judgment. High Court, Sector-1, Chandigarh. CWP-22915-2026 -2- 5. Having heard counsel for parties and keeping in view the observations of Division Benches of this Court in Bank of Maharashtra vs. District Magistrate, Hisar and others, 2024 (2) PLR 346, as well as in I IFL Home Finance Limited vs. State of Haryana and others, Law Finder Doc ID #2875322, writ petition is disposed of with a direction to competent authority to comply with order dated 01.02.2013 (Annexure P-2) within a period of 60 days from the date of communication of the copy of this order, unless there is any legal impediment in doing so. (SUVIR SEHGAL) JUDGE ( DEEPINDER SINGH NALWA ) JUDGE 27.07.2026 Kamal Whether Speaking/Reasoned Yes/No Whether Reportable Yes/No KAMAL SHARMA 2026.07.30 14:12 I attest to the accuracy and authenticity of this order/judgment. High Court, Sector-1, Chandigarh.