Dismissed¶22

Sunil and Anr. v. Satin Housing Finance Ltd. and Ors.

Punjab & Haryana HC27 May 2026CWP/14633/2026

Case brief

AI extract

What is this about?

CWP-14633-2026, Punjab & Haryana HC, decided 27.05.2026: Sunil & anr. v. Satin Housing Finance Ltd. & ors. Dispossession threatened pursuant to Section 14 SARFAESI Act order dated 29.11.2024 (Annexure P-2) over a mortgaged residential house on a 40 square-yard plot; petitioner tendered Rs.1,00,000/- demand draft against outstanding Rs.2,45,799/- (as on 08.10.2023) offering settlement. After DAG, Haryana disclosed the HC order dated 27.02.2026 in CWP-6347-2026 restoring possession to the lender (petitioners having forcibly re-entered the secured asset after takeover), the petition was permitted to be withdrawn and dismissed as withdrawn.

What did the court decide?

Permission to withdraw the present petition ¶22

Sunil and Anr. Vs Satin Housing Finance Ltd… — Banking and Recovery | Punjab & Haryana HC (2026)

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IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH

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193

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CWP-14633-2026 Date of Decision: 27.05.2026

SUNIL AND ANR

...Petitioners

Versus

SATIN HOUSING FINANCE LTD. AND ORS.

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...Respondents

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CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI

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Present:Mr. Parveen Chauhan, Advocate, for the petitioner.

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SUVIR SEHGAL, J. (ORAL)

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Counsel for the petitioner states that petitioner is prepared to settle the loan account. He has also produced a demand draft of Rs.1,00,000/- against outstanding amount of Rs.2,45,799/- as on 08.10.2023. Counsel asserts that pursuant to an order dated 29.11.2024, Annexure P-2, passed under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘SARFAESI Act’), petitioner is likely to be dispossessed from the mortgaged property, which comprises of a residential house constructed on a plot measuring 40 square yards.

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Advance copy of the petition has been served upon official respondents.

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Mr. Gaurav Bansal, DAG, Haryana, has put in appearance on behalf of respondent Nos.2and 3 and states that possession of the secured

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HARISH KUMAR 2026.05.30 13:36 I attest to the accuracy and authenticity of this order/judgment

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(2)

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CWP-14633-2026

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assert was taken over and petitioners have forcibly re-entered the secured asset. He has produced a copy of order dated 27.02.2026 passed by this Court in CWP-6347-2026 and submits that a direction has been passed by this Court to restore the possession to the financial institution.

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