SANJEEV KRISHAN SHARMA vs PUNJAB NATIONAL BANK & ANR.

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 28.10.2025 Judgment pronounced on: 21.11.2025 + W.P.(C) 12184/2025, CM APPL. 49675/2025 (Stay), CM APPL. 49676/2025 (Ex.), CM APPL. 49677/2025 (Delay of 22 days in filing the petition) & CM APPL. 66877/2025 (Praying for the transfer of the present writ from Division bench to an appropriate Single Bench) SANJEEV KRISHAN SHARMA .....Petitioner Through: Dr. Pankaj Garg, Mr. Yaksh Garg and Ms. Yashna Ahuja, Advocates. versus PUNJAB NATIONAL BANK & ANR. .....Respondents Through: Mr. Saurabh Kushawaha and Mr. Rohit Arya, Advocates for Respondent No. 2/Canara Bank. CORAM: HON'BLE MR. JUSTICE ANIL KSHETARPAL HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT HARISH VAIDYANATHAN SHANKAR, J. 1. This Writ Petition has been filed under Articles 226 and 227 of the Constitution of India1, invoking the supervisory jurisdiction of this Court, seeking directions for the expeditious adjudication and, preferably, after consolidation, of two Interim Applications2 arising 1 Constitution 2 IAs Signature Not Verified Digitally Signed By:HARVINDER KAUR BHATIA W.P.(C) 12184/2025 Page 1 of 27 Signing Date:22.11.2025 15:43:19 out of common transactions and disputes, which are (i) I.A. No. 635/2024 in T.A. No. 406/2022 (O.A. No. 136/2016), titled Punjab National Bank vs. M/s KMG A to Z Systems Pvt. Ltd. & Ors., pending before the Debts Recovery Tribunal-III, Delhi3; and (ii) I.A. No. 3340/2024 in T.A. No. 2097/2023 (O.A. No. 29/2017), titled Canara Bank vs. M/s KMG A to Z Systems Pvt. Ltd. & Ors., pending before the Debts Recovery Tribunal-II, Delhi4. In both IAs, the Petitioner has sought discharge from his personal guarantee and release of his mortgaged immovable property. 2. The Petitioner further seeks a stay of the per