MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD vs DISTRICT MAGISTRATE FARIDABAD AND OTHERS

145 CWP-21064-2026 1 IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH CWP-21064-2026 Date of decision: 14.07.2026 MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD ….PETITIONER Versus DISTRICT MAGISTRATE FARIDABAD AND OTHERS ...RESPONDENTS CORAM: HON'BLE MR. JUSTICE JASGURPREET SINGH PURI HON'BLE MR. JUSTICE SANJIV BERRY Present: - Mr. Harsh Chopra, Advocate; Mr. Gurjeet Singh, Advocate for the petitioner. Mr. Aashish Yadav, Addl. A.G. Haryana. SANJIV BERRY, J. (Oral) 1. The present writ petition has been filed by petitioner aggrieved by non-execution of the order dated 27.01.2026 (Annexure P-1) passed by District Magistrate, Faridabad, 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 the SARFAESI A