ICICI HOME FINANCE COMPANY LIMITED vs STATE OF PUNJAB AND OTHERS

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 195 CWP-17641-2026 Date of Decision: 27.05.2026 ICICI HOME FINANCE COMPANY LIMITED ...Petitioner Versus STATE OF PUNJAB AND ORS ...Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI Present: Mr. Rishabh Gupta, 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 respondents No. 2 to 4 to comply with order dated 04.12.2025 (Annexure P-1) and provide assistance in handing over the physical possession of the secured asset. 2. Counsel for the petitioner submits that order (Annexure P-1) has 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’), but despite of 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 any inst