Ketan Chhabra and Anr. Vs Central Bank of India and Another — Punjab & Haryana HC (2025) — LawSathi Research

Ketan Chhabra and Anr. Vs Central Bank of India and Another — Punjab & Haryana HC (2025) — LawSathi Research

What the court decided

AI extract

Outcome

Petition disposed of with directions: petitioners to complete all formalities for execution of the sale deed and inform the Bank's competent authority, whereupon the Bank is to undertake execution of the sale deed within two weeks; liberty reserved to petitioners to revisit the Court if the grievance remains unredressed.

Issue for consideration

Whether the respondent-Bank can be directed to execute and complete registration of the sale deed in favour of the petitioners-auction purchasers, given that the sale certificate had been issued and possession delivered but the Bank was not coming forward for registration of the sale deed.

Court's answer

Petitioners are directed to make necessary arrangements and complete all formalities for execution of the sale deed, and thereafter inform the competent authority of the Bank.

Ratio / Principle

As soon as the competent authority of the Bank is informed, the execution of the sale deed shall be undertaken within two weeks.

Key takeaways

In case the grievance of the petitioners remains unredressed, they are free to revisit the Court.ratio¶24

Detailed headnote1 paragraphs

High Court of Punjab & Haryana at Chandigarh (Sheel Nagu, C.J., oral, with Sanjiv Berry, Judge), CWP-24608-2025, decided 04.09.2025: Petition by auction purchasers of a secured asset (auction held 26.05.2025; sale certificate issued 10.06.2025; possession delivered 11.06.2025) whose grievance was that the respondent-Bank was not coming forward for registration of the sale deed. Counsel for the Bank, after seeking instructions, stated the Bank was ready and willing to execute the sale deed. The Court directed the petitioners to make necessary arrangements and complete all formalities for execution of the sale deed and inform the Bank's competent authority, upon which the execution of the sale deed was to be undertaken within two weeks. Petition disposed of accordingly, with liberty to the petitioners to revisit the Court if their grievance remained unredressed.

119

CWP-24608-2025 1

IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH

CWP-24608-2025 Date of decision: 04.09.2025

KETAN CHHABRA AND ANR

....Petitioners

Versus

CENTRAL BANK OF INDIA AND ANOTHER

...Respondents

CORAM: HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON'BLE MR. JUSTICE SANJIV BERRY

Present: Mr. Mukand Gupta, Advocate for the petitioners.

Mr. Gaurav Goel, Advocate for the respondents-Bank.

*********

SHEEL NAGU, C.J. (Oral)

Present petition has been filed by auction purchasers who have purchased the secured asset in the auction held on 26.05.2025. Grievance of the petitioners-auction purchasers is that despite sale certificate having been issued on 10.06.2025 and the possession having been delivered on 11.06.2025, the respondent-Bank is not coming forward for registration of the sale deed.

Learned counsel for the Bank, after seeking instructions from the Bank, submits that the Bank is ready and willing to execute the sale deed along with the petitioners-auction purchasers.

Petitioners are directed to make necessary arrangements and complete all formalities for execution of sale deed, and thereafter inform the competent authority of the Bank.

3.1 As soon as the competent authority of Bank is informed, the execution of the sale deed be undertaken within two weeks.

MOHIT GOYAL 2025.09.05 18:34 I attest to the accuracy and integrity of this document

CWP-24608-2025 2

Petition stands disposed of accordingly.

In case the grievance of petitioners remains unredressed, they are

free to revisit the Court.

(SHEEL NAGU)

CHIEF JUSTICE

04.09.2025	(SANJIV BERRY) JUDGE
mohit goyal
Whether speaking/reasoned	: Yes / No
Whether reportable	: Yes / No

MOHIT GOYAL 2025.09.05 18:34 I attest to the accuracy and integrity of this document