JM FINANCIAL ASSET RECONSTRUCTION COMPANY LIMITED THROUGH SH PARSHANT MONDE vs DISTRICT MAGISTRATE, SANGRUR, PUNJAB

CWP-16299-2026 135 -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP-16299-2026 Date of Decision :-27.05.2026 JM Financial Asset Reconstruction Company Limited .......Petitioner Versus District Magistrate, Sangrur, Punjab and others .......Respondents CORAM:- HON’BLE MR. JUSTICE SUVIR SEHGAL HON’ BLE MR. JUSTICE VIKAS SURI Present: Mr. Amit Kumar, Advocate and Mr. Sunil Kumar, Advocate for the petitioner. Mr. Akhil Kamra, AAG, Punjab. **** 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. 1 and 2 to restore the physical possession of the secured asset. 2. Counsel for the petitioner submits that private respondents had availed a loan facility from the petitioner, which was sanctioned on 07.07.2015 and they created a security interest over an immovable property by way of an equitable mortgage. He submits that private KAMAL SHARMA 2026.06.01 12:37 I attest to the accuracy and authenticity of this order/judgment. High Court, Sector-1, Chandigarh. CWP-16299-2026 135 -2- respondents failed to maintain financial discipline and defaulted in the liquidation of the outstanding dues.