# AU SMALL FINANCE BANK LIMITED vs DISTRICT MAGISTRATE CUM DISTRICT COLLECTOR SAS NAGAR MOHALI AND ORS.

Court: Punjab and Haryana High Court
Date: 2026-07-17
Citation: CWP 21620/2026
Petitioner: AU SMALL FINANCE BANK LIMITED
Respondent: DISTRICT MAGISTRATE CUM DISTRICT COLLECTOR SAS NAGAR MOHALI AND ORS.

[Official PDF on Punjab and Haryana High Court website](https://livedb9010.phhc.gov.in/public/judgments/order-pdf?case_type=CWP&case_no=21620&case_year=2026&order_date=2026-07-17&order_type=FINAL)

## Judgment text (excerpt)

119 CWP-21620-2026 1 IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH CWP-21620-2026 Date of decision: 17.07.2026 AU SMALL FINANCE BANK LIMITED ….PETITIONER Versus DISTRICT MAGISTRATE CUM DISTRICT COLLECTOR SAS NAGAR MOHALI AND ORS. ...RESPONDENT CORAM: HON'BLE MR. JUSTICE JASGURPREET SINGH PURI HON'BLE MR. JUSTICE SANJIV BERRY Present: - Mr. Nitin Thatai, Advocate for the petitioner (through Video Conferencing). Ms. Shruti, AAG, Punjab. SANJIV BERRY, J. (Oral) 1. The present writ petition has been filed by petitioner aggrieved by non-execution of the order dated 10.03.2026 (Annexure P-2) passed by Chief Judicial Magistrate, SAS Nagar (Mohali), 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. It is rather surprising that the concerned Officers have failed to discharge their statutory duty of assisting and handing over physical possession of the secured asset to the petitioner-financial institution. 3. Non-Performing Assets (NPAs) are a huge burden on the public exchequer, banking and financial system, and, thus, prompt enforcement of recovery mechanism under t

https://niyam.ai/judgements/high-court/2026/july/au-small-finance-bank-limited-vs-district-magistrate-cum-district-collector-sas-nagar-mohali-and-ors