AU SMALL FINANCE BANK LTD vs ADDITIONAL DISTRICT MAGISTRATE LUDHIANA AND OTHERS

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 201 CWP-18384-2026 Date of Decision: 29.05.2026 AU Small Finance Bank Limited ....Petitioner Versus Additional District Magistrate, Ludhiana and others ....Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI ---- Present: Mr. Vaibhav Mittal, Advocate and Mr. Shivansh Mahajan, Advocate for the petitioner. Mr. Akhil Kamra, Assistant Advocate General, Punjab. **** 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.1 to 3 to provide assistance in handing over the physical possession of the secured asset. 2. Counsel for the petitioner submits that order dated 22.12.2025 (Annexure P-3) has been passed by Additional District Magistrate, Ludhiana, under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘SARFAESI Act’), but despite a lapse of more than five 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 counse