YES BANK LTD vs STATE OF PUNJAB AND OTHERS

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH 152 CWP-17184-2026 Date of Decision: 27.05.2026 Yes Bank Limited ....Petitioner Versus State of Punjab and others ....Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI ---- Present: Mr. Nakul Sharma, Advocate (through V.C) for the petitioner. Mr. Akhil Kamra, Assistant Advocate General, 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 respondent No.4 to provide assistance in handing over the physical possession of the secured asset. 2. Counsel for the petitioner submits that order dated 30.08.2024 (Annexure P-3) has been passed by Chief Judicial Magistrate, Ludhiana under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘SARFAESI Act’), but despite a lapse of more than one year and eight months, physical possession of the secured asset has not been delivered. 3. Advance copy of the petition has been served upon the official respondents. 4. On asking, State counsel has put in appearance on behalf of respondents-State. He do