SHRIRAM ASSET RECONSTRUCTION PRIVATE LIMITED vs ADDITIONAL DISTRICT MAGISTRATE LUDHIANA AND OTHERS

CWP-15792-2026 -1- IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH (143) CWP-15792-2026 Date of decision:- 20.05.2026 Shriram Asset Reconstruction Private Limited ... Petitioner Versus Additional District Magistrate, Ludhiana and others ... Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON’BLE MR. JUSTICE VIKAS SURI Present:- Mr. Sumit Puri, Advocate, for the petitioner. **** 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 Nos. 1, 2 and 9 to provide assistance in taking over the physical possession of the secured asset and handover the same to petitioner. 2. Counsel for the petitioner states that respondents No.3 to 8 had availed loan facilities from M/s Aditya Birla Capital Limited to the extent of R.4.50 crores and had mortgaged two immovable properties located at Ludhiana. Counsel submits that the aforesaid private respondents failed to adhere to financial discipline and loan account was classified as NPA on 01.04.2021 and proceedings were initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short “th