ANOOP OSWAL HOSIERY AND OTHERS vs AUTHORIZED OFFICER ADITYA BIRLA FINANCE LTD

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 124 CWP-16406-2026 Date of Decision: 29.05.2026 ANOOP OSWAL HOSIERY AND ORS ...Petitioners Versus AUTHORIZED OFFICER, ADITYA BIRLA FINANCE LTD. ...Respondent CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI Present:- Mr. Akhilesh Vyas, Advocate, for the petitioners. Mr. Ojasvi Sharma, Advocate with Mr. Kartik, Advocate, for the respondent. ***** SUVIR SEHGAL, J. (ORAL) 1. This petition has been filed inter alia for issuance of a writ for quashing of order dated 11.05.2026, Annexure P-13 and for remand of SA-297-2025 to Debts Recovery Tribunal (DRT) for fresh adjudication. 2. At the outset, Mr. Akhilesh Vyas, counsel for the petitioner, points out that petitioners had taken a loan facility from respondent Aditya Birla Finance Ltd. (for short ‘ABFL’), which has been assigned in favour of Shriram Asset Reconstruction Private Limited (for short ‘SARPL’) on 26.09.2025, as is evident from order dated 20.05.2026 passed by this Court in CWP-15792-2026, titled as Shriram Asset Reconstruction Private Limited vs. Additional District Magistrate, Ludhiana and others’. He submits that proceedings were initiated by ABFL a