ASSET RECONSTRUCTION COMPANY INDIA LTD vs STATE OF PUNJAB AND ORS

IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH 149 CWP-21169-2026 Date of Decision:- 15.07.2026 ASSET RECONSTRUCTION COMPANY INDIA LTD ....Petitioner(s) Versus STATE OF PUNJAB AND ORS ...Respondent(s) CORAM: HON'BLE MR. JUSTICE JASGURPREET SINGH PURI HON'BLE MR. JUSTICE SANJIV BERRY Present: Mr. Abhinav Sood, Advocate, Mr. Akshay Sharma, Advocate Ms. Arshbir, Advocate for the petitioner. Ms. Shruti, Assistant Advocate General, Punjab. **** SANJIV BERRY, J. 1. The present writ petition has been filed by petitioner aggrieved by non-execution of the order dated 15.12.2025 (Annexure P-6) passed by Chief Judicial Magistrate, Jalandhar under the provisions of Section 14 of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act for brevity). 2. At the outset, learned counsel for the petitioner has submitted that SA/270/2026 titled ‘Talvir Singh Vs. Indiabulls Housing Finance Ltd. and others’ is pending before DRT-I, Chandigarh and is listed for today. However, it has been submitted that no interim order has been passed therein till date. 3. It is rather surprising that the concerned Officers have failed to discharge their st