STATE OF PUNJAB AND OTHERS vs EDELWEISS ASSET RECONSTRUCTION COMPANY LTD AND ANR

LPA No.137 of 2022 (O&M) and other connected cases IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 227-1 LPA No.137 of 2022 (O&M) Date of Decision: 13.05.2026 STATE OF PUNJAB AND OTHERS .....Appellants Versus EDELWEISS ASSET RECONSTRUCTION COMPANY LTD AND ANR ........Respondents 227-2 LPA No.138 of 2022 (O&M) CHIEF REVENUE CONTROLLING AUTHORITY CUM FINANCIAL COMMISSIONER REVENUE .....Appellants Versus EDELWEISS ASSET RECONSTRUCTION COMPANY AND ANR ........Respondents 227-3 LPA No.139 of 2022 (O&M) STATE OF PUNJAB AND OTHERS .....Appellants Versus EDELWEISS ASSET RECONSTRUCTION COMPANY AND ANR ........Respondents CORAM : HON'BLE MR. JUSTICE HARSIMRAN SINGH SETHI HON'BLE MR. JUSTICE DEEPAK MANCHANDA Present: Mr. Maninderjit Singh Bedi, Advocate General Punjab with Mr. Rahul Rampal, Addl. A.G., Punjab, for the appellants. Mr. Vipul Dharmani, Advocate, Mr. Sugam Seth, Advocate, for respondent No.1. **** DEEPAK MANCHANDA, J. 1. Since all the aforementioned appeals raise an identical question of law and arise from substantially similar factual backgrounds, they are being decided by this common order. For the sake of convenience, the facts are being extracted from LPA-137-2022. 2. T