JANA SMALL FINANCE BANK LTD vs STATE OF PUNJAB AND ORS

116 CWP-21595-2026 1 IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH CWP-21595-2026 Date of decision: 17.07.2026 JANA SMALL FINANCE BANK LTD. ….PETITIONER Versus STATE OF PUNJAB AND OTHERS ...RESPONDENTS CORAM: HON'BLE MR. JUSTICE JASGURPREET SINGH PURI HON'BLE MR. JUSTICE SANJIV BERRY Present: - Ms. Deepika Mittal, Advocate for the petitioner (through Video Conferencing). Ms. Shruti, AAG, Punjab. SANJIV BERRY, J. (Oral) 1. The petitioner-Financial Institution is before this Court invoking writ as well as supervisory jurisdiction under Article 226 of the Constitution of India, being aggrieved by in-action on the part of respondent No.2-Chief Judicial Magistrate, Ludhiana, to decide the application submitted by petitioner-Financial Institution 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 proceedings are pending before DRT/DRAT. 3. It is stated in the application that the respondent-borrower(s) availed a loan facility of Rs.30,57,668/- from the petitioner-Financial Institution, and upon default in repayment, the account was c