JUDGMENT :

AUGUSTINE GEORGE MASIH, J.

Challenge in this writ petition is to the order dated 09.03.2021 (Annexure P-20) passed by the District Magistrate, Gurugram, Haryana respondent No.1 whereby the application of M/s India Bulls Housing Finance Limited-respondent No.2 preferred under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as “the SARFAESI Act”) has been allowed and the Duty Magistrate has been appointed to deliver the possession of the immovable property/secured assets as described in the said order within a period of one month from the date of the order.

2. It is the contention of learned counsel for the petitioners that the petitioners were the sureties/guarantors for the loan granted to the International Coil Limited (ICL), which obtained four loans as detailed in para 2 of the writ petition. Petitioners had tendered guarantee of their assets, which included Villa No.26, Block-Z, Tatvam Villa, Vipur World, Sector-48, Gurugram-122002, Haryana and Villa No.18, Block-Z, Tatvam Villa, Vipur World, Sector-48, Gurugram-122002, Haryana, which is a subject matter of the present writ p