Is recovery of data possible after deleting it from windows laptop?

Deleting is one thing, there are normally relatively easy ways to recover that.
But ... the word you use is "formatted" and that means something totally different. Specifically, when you delete files, you remove the allocation links for them and return it to the unused data collection - the data remains on the hard drive until the space it occupied is actually reused.
But when you format a disk, you deliberately write over every byte of data to establish the new format, and that means that simple, cheap methods will almost certainly not work.

With magnetic media, it's often possible to retrieve a number of datasets from a formatted drive (because the magnetic storage isn't digital - it's analog, and that means that the content you are overwriting affects exactly what "1" or "0" you end up getting). But ... that is a job for a serious specialist, and that will cost. Probably a lot.
Try looking for data recovery specialists - you may find some locally - and give them a call and see what they say.

Better still, restore from your last backup ...