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IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH
SHEEL NAGU, CJ, SANJIV BERRY, J
Ummeed Housing Finance Pvt. Ltd – Appellant
Versus
District Magistrate, Sonipat – Respondent
| Table of Content |
|---|
| 1. failure of officials to execute statutory duties. (Para 1 , 2) |
| 2. court mandates prompt execution of the order under sarfaesi. (Para 3) |
| 3. compliance with prior guidelines and judicial orders. (Para 4 , 5) |
SHEEL NAGU, CHIEF JUSTICE (Oral)
1. The present writ petition has been filed by petitioner/financial institution aggrieved by non-execution of the order dated 17.07.2025 (Annexure P-3) passed by the District Magistrate, Sonipat, under the provisions of Section 14 Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act , 2002 (SARFAESI Act for brevity).
2. It is rather surprising that the District Magistrate Sonipat or the concerned Naib Tehsildar, (Respondent No. 2) have failed to discharge their statutory duty of assisting and handing over physical possession of the secured asset to the petitioner Bank.
2.1 Non-Performing Assets (NPAs) are a huge burden on the public exchequer, banking and financial system, and, thus, prompt enforcement of recovery mechanism under the SARFAESI Act is paramount for liquidity in the system.
3. In view of the above, this court by way of writ of mandamus directs the District Magisrate/Respondent
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