SANJEEV KUMAR vs STATE BANK OF INDIA AND OTHERS

CWP-24906-2022 (O&M) -1- IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH (106+236) CWP-24906-2022 (O&M) Date of decision:- 13.05.2026 Sanjeev Kumar ... Petitioner Versus State Bank of India and others ... Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON’BLE MR. JUSTICE VIKAS SURI Present:- Mr. Aalok Jagga, Advocate, for the petitioner. Mr. Rakesh Gupta, Advocate, for respondent No.1-SBI. Mr. A.S.Khara, Senior DAG, Punjab, for respondent No.2. **** SUVIR SEHGAL, J. (ORAL) 1. On 29.10.2022, this Court passed the following order:- “Notice of motion for 01.02.2023. Notice re: stay. Mr.Rakesh Sharma, Advocate, accepts notice on behalf of respondent No.1 and seeks time to file reply. May do so, on or before the next date of hearing with a copy in advance to the counsel opposite. Counsel for the petitioner contends that the petitioner is a guarantor for the loan taken by respondent No.4 and as per the said guarantee which was initially given for ₹1 crore, the liability is now reduced to ₹75 lakh plus interest, enhanced interest fees, commission, charges, costs and expenses including legal costs, but in the notice issued under Section 13(2) of the Securitization and Reconstructi