IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH CWP-1951 of 2024(O&M)

Date of decision: 12.02.2026 INDIAN BANK CHD THROUGH ITS ASSISTANT GENERAL MANAGER AND CONSTITUTED ATTORNEY SH. NISHANT SHUKLA …….Petitioners.

V/S DISTRICT MAGISTRATE, KAITHAL … Respondents [

CORAM: HON’BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON’BLE MR. JUSTICE SANJIV BERRY, JUDGE Present: Ms. Jasleen Kaur, Advocate for the petitioner.

Mr. Rakshit Gupta, Advocate for respondent no.2.

Mr. Neeraj Gupta, Addl. Advocate General, Haryana.

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SHEEL NAGU, CHIEF JUSTICE (Oral)

CM-2152-CWP-2026 This application for placing on record the affidavit filed before the District Magistrate, Kaithal, and other relevant orders (Annexures P-9 to P-14) is considered and allowed.

Main Case

1. The present petition has been filed by the petitioner/Bank challenging the order dated 04.01.2024 (Annexure P-2) passed by the District Magistrate, Kaithal u/s 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘the SARFAESI Act’). One of the grounds taken by the petitioner/Bank is that the District Magistrate, Kaithal, while exercising powers u/s 14 of the SARFAESI Act, has