JASVINDER KUMAR AND OTHERS vs UMMEED HOUSING FINANCE PVT LTD AND OTHERS

CWP-13296-2026 -1- IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH (129) CWP-13296-2026 Date of decision:- 07.05.2026 Jasvinder Kumar and others ... Petitioners Versus Ummeed Housing Finance Pvt. Ltd. and others ... Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON’BLE MR. JUSTICE VIKAS SURI Present:- Mr. Himanshu Munjal, Advocate for the petitioner. **** SUVIR SEHGAL, J. (ORAL) 1. This writ petition has been filed laying challenge to impugned demand notice dated 10.10.2025, Annexure P-1, issued by respondents under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (for short “SARFAESI Act”). 2. Primary ground of challenge is that the Housing Finance Company- respondent No.1 does not fall within the ambit of ‘financial institution’ under the provisions of the SARFAESI Act. 3. On an advance notice, Mr. Vipul Dharmani, Advocate has put in appearance on behalf of private respondents No.1 to 3 and has filed Memorandum of Appearance, which is taken on record. He has made a reference to notification dated 17.06.2021 as well as a judgment of Division Bench of Madhya Pradesh High Court in Virendra Rathore and others V