MS BALAJI ISPAT AND ANR vs DEBTS RECOVERY TRIBUNAL III, CHANDIGARH AND ORS

CWP-20978-2026 (O&M) -1- 138 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CWP-20978-2026 (O&M) Date of decision: 13.07.2026 M/S BALAJI ISPAT AND ANOTHER ...Petitioner(s) VERSUS DEBTS RECOVERY TRIBUNAL-III, CHANDIGARH AND OTHERS ...Respondent(s) CORAM: HON'BLE MR. JUSTICE JASGURPREET SINGH PURI HON'BLE MR. JUSTICE SANJIV BERRY Present:- Mr. Anand Chhibbar, Senior Advocate with Mr. Vaibhav Sahni, Advocate and Mr. Inderjeet Singh, Advocate for the petitioners. **** JASGURPREET SINGH PURI, J. 1. The present Civil Writ Petition has been filed under Articles 226/227 of the Constitution of India seeking issuance of a writ in the nature of certiorari for quashing the impugned order dated 23.06.2026 (Annexure P-10), whereby the Debts Recovery Tribunal-III, Chandigarh has dismissed the Securitization Application No.240 of 2026, along with the sale notice dated 19.05.2026, the auction conducted on 24.06.2026 and all subsequent and consequential actions undertaken by the respondent-Bank under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as ‘the SARFAESI Act’) and also the subsequent sale notice dated