State Bank of India v. State of Punjab
Case brief
What is this about?
SARFAESI Act Section 14; non-execution of possession order; Additional District Magistrate Ludhiana; writ of mandamus; Tehsildar (Central) Ludhiana; Commissioner of Police Ludhiana; physical possession of secured asset; 30-day timeline; State Bank of India; NPA recovery and liquidity; Debts Recovery Tribunal / DRAT - no SA pending; respondent no. 5 borrower default; CWP No. 18322 of 2025 order dated 07.07.2025; Bank of Maharashtra Vs. District Magistrate Hisar CWP-70182022 dated 28.05.2024 guidelines; compliance report 45 days; IOIN category judicial side; CWP-38758 of 2025; Punjab & Haryana High Court; decision 12.01.2026; Sheel Nagu CJ; Neerja Kulwant Kalson J.
What did the court decide?
Writ of mandamus to respondents no. 3 and 4 (Tehsildar (Central), Ludhiana and Commissioner of Police, Ludhiana) to execute the order dated 26.12.2023 passed under Section 14 SARFAESI Act by handing over physical possession of the secured asset to the petitioner-Bank, preferably within 30 days; petitioner-Bank free thereafter to liquidate the secured asset; respondent no. 3 to file compliance report within 45 days; order subject to any restraint orders favouring borrowers/guarantor and adherence to guidelines in Bank of Maharashtra Vs. District Magistrate, Hisar.