AU SMALL FINANCE BANK LTD vs DISTRICT MAGISTRATE MANSA AND OTHERS

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 141 CWP-14978-2026 Date of Decision: 14.05.2026 AU SMALL FINANCE BANK LTD ...Petitioner Versus DISTRICT MAGISTRATE MANSA AND ORS ...Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI Present: Mr. Vaibhav Mittal, Advocate with Mr. Shivansh Mahajan, Advocate, for the petitioner. ***** SUVIR SEHGAL, J. (ORAL) 1. This writ petition has been filed inter alia for issuance of a writ in the nature of mandamus directing respondent No.1 to 3 to provide assistance in handling over the physical possession of the secured asset. 2. Counsel for the petitioner submits that order dated 15.09.2025 (Annexure P-3) has been passed by the District Magistrate, Mansa under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘the SARFAESI Act’), but despite lapse of 8 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 counsel has put in appearance on behalf of respondents-state. He does not have any instructions. 5. Having he