AXIS BANK LIMITED vs STATE OF HARYANA AND ORS.

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 189 CWP-18251-2026 Date of Decision: 29.05.2026 Axis Bank Limited ....Petitioner Versus State of Haryana and others ....Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI ---- Present: Mr. D.K.Singal, Advocate (through V.C) for the petitioner. Mr. Gaurav Bansal, Deputy Advocate General, Haryana. **** 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.3 and 4 to provide assistance in handing over the physical possession of the secured asset. 2. Counsel for the petitioner submits that order dated 24.11.2025 (Annexure P-2) has been passed by the District Magistrate, Karnal, under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘SARFAESI Act’), but despite lapse of more than 5 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 a