IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH

260 Date of Decision: 23.04.2026 CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED ...Petitioner Versus STATE OF HARYANA AND OTHERS ...Respondents CORAM: HON'BLE MR. JUSTICE SUVIR SEHGAL HON'BLE MR. JUSTICE VIKAS SURI Present:- Mr. Sidharth Chopra, Advocate and Mr. Manav Bajaj, Advocate, for the petitioner.

Mr. Deepak Bhardwaj, Addl. A.G., Haryana.

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SUVIR SEHGAL , J. (ORAL)

1. Petitioner-finance company has approached this Court for directing the official respondents to take steps for re-possession of the secured asset in terms of order dated 27.05.2025, Annexure P-13, passed by the Chief Judicial Magistrate, Gurugram.

2. Counsel for the petitioner states that private respondent Nos.8 and 9 were extended credit facilities for which they mortgaged movable as well as immovable properties. He points out that on their failure to repay the loan amount, proceedings were initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘SARFAESI Act’) and order dated 17.05.2023, Annexure P-1, was passed by the Magistrate under Section 14 of the SARFAESI Act. He submit