ASREC (INDIA) LTD vs STATE OF PUNJAB — SLP(C) No. 8290/2026

Case under Banking : Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Debt Recovery by Banks, Financial Institutions, Cooperative Banks and Negotiable Instruments [Other Than Criminal Prosecution] Section IV-B. Status: Disposed.

Disposed

CNR: SCIN010113092026

Filing Date

20-Feb-2026

Registration No

SLP(C) No. 8290/2026

Diary Number

11309/2026

Order Date

17-Mar-2026

Document Type

ROP - of Main Case

Disposal Type

Disposed Off

Last updated 13-Jun-2026

Acts & Sections

Banking : Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, debt recovery by banks, financial institutions, cooperative banks and negotiable instruments [other than criminal prosecution] Section IV-B

Petitioner(s)

  1. 1.ASREC (INDIA) LTD

    Adv. ABHINAV AGRAWAL

Respondent(s)

  1. 1.STATE OF PUNJAB

    Adv. SMITA AMRATLAL VORA [caveat]

Case History

  1. Case disposedDisposed

  2. 17-Mar-2026

    ROP - of Main CaseView PDF

  3. 17-Mar-2026

    Fresh

    Hon'ble Mr. Justice M.M. Sundresh and Hon'ble Mr. Justice Nongmeikapam Kotiswar Singh

  4. 20-Feb-2026

    Case filed

    Registration No. SLP(C) No. 8290/2026

View Full Judgment
casestatus.in Summary

Summary: The Supreme Court dismissed ASREC (India) Ltd's Special Leave Petition challenging the High Court of Punjab & Haryana's order dated 24-12-2025, finding no grounds to interfere. The Court directed the DRT Chandigarh and the jurisdictional Civil Court to conclude execution proceedings regarding property attachment within two months from receipt of the order. The petitioner was granted liberty to pursue remedies under law without the impugned order obstructing such proceedings. This case analysis is maintained by casestatus.in based on publicly available court records.

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