HARSH GUPTA HUF AND ANOTHER vs M/S PIRAMAL CAPITAL AND HOUSING FINANCE LTD AND ORS.

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 108 CWP-29968-2022 Date of Decision: 07.05.2026 Harsh Gupta HUF and another ....Petitioners Versus M/s Piramal Capital and Housing Finance Limited and others ....Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI ---- Present: Mr. Anurag Mor, Advocate Mr. Nitin Verma, Advocate and Mr. Sanjay Kumar, Advocate for the petitioners. Ms. Ridhi Bansal, Advocate Ms. Sidhi Bansal, Advocate and Mr. Abhav Sharma, Advocate for respondents No.1 and 2. **** SUVIR SEHGAL, J. (ORAL) 1. Petitioners have approached the Court assailing order dated 07.10.2022, Annexure P-5, passed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘SARFAESI Act’) and for directing the respondent-financial institution to act upon representation dated 15.11.2022 (Annexure P-6). 2. In brief, petitioners had taken a loan of Rs.31,93,205/- from the respondents, which was sanctioned on 05.10.2017. They created a security interest on a residential house situated at Rohtak. Petitioners could not adhere to the financial commitment and were unable to pay the installments o