PRINCE vs STATE OF HARYANA AND OTHERS

CWP-6538-2026 (O & M) -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 115+265 CWP-6538-2026 (O & M) Date of Decision:21.05.2026 PRINCE ...PETITIONER VERSUS STATE OF HARYANA & ORS. ...RESPONDENTS CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI Present: None for the petitioner. Mr. Anant Kataria, DAG, Haryana, for respondents No.1 and 2. Ms. Deepika Mittal, Advocate, for respondent No.3-Bank. **** SUVIR SEHGAL, J. (ORAL) 1. This petition has been filed, inter alia, seeking quashing of order dated 03.02.2026, Annexure P-4, passed under Section 13 of the SARFAESI Act, 2002. 2. On 27.02.2026, this Court issued notice of motion to the respondents and by way of an interim relief, directed that, in case, petitioner deposits 50% of the outstanding dues within a period of one week, then the possession of secured asset shall not be taken by the bank. This Court SHEETAL 2026.05.25 12:17 I attest to the accuracy and authenticity of this order/judgment High Court, Chandigarh CWP-6538-2026 (O & M) -2- clarified that, in case, amount is not deposited within the aforesaid period, bank shall be free to liquidate the secured asset and recover the outstanding dues. 3.