INDUSIND BANK LIMITED vs THE CHIEF JUDICIAL MAGISTRATE, JALANDHAR AND OTHERS

135 CWP-20957-2026 -1- IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH CWP-20957-2026 Date of decision: 14.07.2026 IndusInd Bank Limited ….Petitioner. Versus The Chief Judicial Magistrate, Jalandhar and others ....Respondents. CORAM: HON’BLE MR. JUSTICE JASGURPREET SINGH PURI HON’BLE MR. JUSTICE SANJIV BERRY Present:- Mr. Lakshay Jindal, Advocate, for the petitioner. Ms. Shruti, AAG, Punjab. ..… SANJIV BERRY, J. 1. The petitioner-Bank is before this Court invoking writ as well as supervisory jurisdiction under Article 226/227 Constitution of India, being aggrieved by in-action on the part of respondent No.1-The Chief Judicial Magistrate, Jalandhar, to decide the application submitted by petitioner-Bank u/s 14 of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (in short the SARFAESI Act) which is pending since 27.02.2026. 2. It is submitted that no SA is pending before DRT/DRAT. 3. It is stated in the application that the respondent- borrower(s) availed a loan facility of Rs. 3,51,25,000/- from the petitioner-Bank, and upon default in repayment, the account was PREETI 2026.07.16 09:09 I attest to the accuracy and integrity of