JANA SMALL FINANCE BANK LTD vs DISTRICT MAGISTRATE PALWAL AND ORS

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 155 CWP-15361-2026 Date of Decision: 18.05.2026 JANA SMALL FINANCE BANK LTD ...Petitioner Versus DISTRICT MAGISTRATE PALWAL AND ORS ...Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI Present: Ms. Deepika Mittal, Advocate, for the petitioner (through V.C.). ***** 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 and 2 to restore and hand over the physical possession of the secured asset. 2. Counsel for the petitioner submits that order dated 12.12.2025 (Annexure P-3) had been passed by the District Magistrate, Palwal 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 04.02.2026. He asserts that private respondents have forcibly taken back the possession on 13.02.2026. 3. Advance copy of the petition has been served upon the official respondents. 4. On asking, State counsel has put in appearance