Axis Bank Limited v. State Of Haryana Through Its Principal Secretary

IN THE HIGH COURT OF PUNJAB AND HARYANA

AT CHANDIGARH CWP-18251-2026 Date of Decision: 29.05.2026 Axis Bank Limited ....Petitioner

Versus

State of Haryana and others ....Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI ----

Present:

Mr. D.K.Singal, Advocate (through V.C) for the petitioner.

Mr. Gaurav Bansal, Deputy Advocate General, Haryana. **** 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.3 and 4 to provide assistance in handing over the physical possession of the secured asset. 2.

Counsel for the petitioner submits that order dated 24.11.2025 (Annexure P-2) has been passed by the District Magistrate, Karnal, under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, 'SARFAESI Act'), but despite lapse of more than 5 months, 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, State counsel has put in appearance on behalf of respondents-State. He does not have any instructions. VARINDER PRASHAD 2026.05.30 15:53 I attest to the accuracy of this document PHHC

CWP-18251-2026 -: 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 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 24.11.2025 (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 (VIKAS SURI) May 29, 2026 JUDGE Varinder Whether speaking/reasoned :

Yes/No Whether reportable :

Yes/No VARINDER PRASHAD 2026.05.30 15:53 I attest to the accuracy of this document PHHC