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

IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH 132 CWP-20770-2026 Date of Decision:- 13.07.2026 INDUSIND BANK LIMITED ....Petitioner(s) Versus THE CHIEF JUDICIAL MAGISTRATE, LUDHIANA AND OTHERS ...Respondent(s) CORAM: HON'BLE MR. JUSTICE JASGURPREET SINGH PURI HON'BLE MR. JUSTICE SANJIV BERRY Present: Mr. Lakshay Jindal, Advocate (through V.C.) for the petitioner. Ms. Shruti, Assistant Advocate General, 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-Chief Judicial Magistrate, Ludhiana, 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 03.01.2026. 2. It is submitted that no proceedings are pending before DRT/DRAT. 3. It is stated in the application that the respondent-borrower(s) availed a loan facility of Rs.1,15,25,000/- from the petitioner-Bank, and upon default in repayment, the account was classified as Non-Performing Asset (NPA)