AU SMALL FINANCE BANK LTD vs STATE OF PUNJAB AND OTHERS

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 173 CWP-15567-2026 Date of Decision: 18.05.2026 AU Small Finance Bank Limited ....Petitioner Versus State of Punjab and others ....Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI ---- Present: Mr. Vaibhav Mittal, 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 respondent No.2 to 5 to restore and hand over the physical possession of the secured asset. 2. Counsel for the petitioner submits that order dated 13.12.2024 (Annexure P-1) had been passed by the Additional District Magistrate, Patiala under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘SARFAESI Act’) and physical possession of the secured asset was handed over to the petitioner – financial institution on 09.12.2025. He asserts that private respondents have forcibly taken back the possession on 10.12.2025. 3. Advance copy of the petition has been served upon the official respondents. VAR