Disposed¶22

Au Small Finance Bank Ltd. v. Additional District Magistrate Ludhiana and Others

SARFAESI Act, 2002 – Section 14

Punjab & Haryana HC29 May 2026CWP/18384/2026

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What is this about?

CWP-18384-2026, Punjab and Haryana High Court, decided 29.05.2026; SARFAESI Act Section 14; physical possession of secured asset not delivered despite order dated 22.12.2025 of Additional District Magistrate, Ludhiana; writ of mandamus; direction to competent authority to comply within 60 days unless legal impediment; AU Small Finance Bank Limited; relied on Bank of Maharashtra vs. District Magistrate, Hisar, 2024 (2) PLR 346 and IIFL Home Finance Limited vs. State of Haryana.

What did the court decide?

Direction to the competent authority to comply with order dated 22.12.2025 (Annexure P-3) within 60 days from the date of communication of a copy of the order, unless there is any legal impediment in doing so. ¶22

Au Small Finance Bank Ltd. Vs Additional… — 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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201 CWP-18384-2026 Date of Decision: 29.05.2026

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AU Small Finance Bank Limited ....Petitioner

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Versus

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Additional District Magistrate, Ludhiana and others

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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. Vaibhav Mittal, Advocate and Mr. Shivansh Mahajan, Advocate for the petitioner.

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Mr. Akhil Kamra, Assistant Advocate General, Punjab.

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SUVIR SEHGAL, J. (ORAL)

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This writ petition has been filed, inter alia, for issuance of a writ in the nature of mandamus directing respondents No.1 to 3 to provide assistance in handing over the physical possession of the secured asset.

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Counsel for the petitioner submits that order dated 22.12.2025 (Annexure P-3) has been passed by Additional 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 a lapse of more than five months, physical possession of the secured asset has not been delivered.

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Advance copy of the petition has been served upon the official

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respondents.

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On asking, State counsel has put in appearance on behalf of

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VARINDER PRASHAD 2026.05.30 15:53 I attest to the accuracy of this document PHHC

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CWP-18384-2026

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-: 2 :-

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respondents-State. He does not have any instructions.

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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 IIFL 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 22.12.2025 (Annexure P-3) 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.

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(SUVIR SEHGAL) JUDGE

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(VIKAS SURI) May 29, 2026 JUDGE Varinder

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Whether speaking/reasoned : Yes/No Whether reportable : Yes/No

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VARINDER PRASHAD 2026.05.30 15:53 I attest to the accuracy of this document PHHC

Au Small Finance Bank Ltd. v. Additional District Magistrate Ludhiana and Others

Case brief

What is this about?

What did the court decide?

Au Small Finance Bank Ltd. v. Additional District Magistrate Ludhiana and Others

Case brief

What is this about?

What did the court decide?

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