TRUHOME FINANCE LIMITED vs CHIEF JUDICIAL MAGISTRATE LUDHIANA AND OTHERS

128-CWP-18630-2026 1 IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH CWP-18630-2026 Date of decision: 13.07.2026 Truhome Finance Limited ….Petitioner. Versus Chief Judicial Magistrate, Ludhiana and ors ....Respondents. CORAM: HON’BLE MR. JUSTICE JASGURPREET SINGH PURI HON’BLE MR. JUSTICE SANJIV BERRY Present:- Mr. Shiv Prajapati, Advocate (through VC) for Mr. Nitin Grover, Advocate, for the petitioner. Ms. Shruti, AAG, Punjab. ..… SANJIV BERRY, J. 1. The petitioner-Financial Institution 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-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 31.01.2026 (Annexure P-2) 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. 24,55,000/- from the petitioner-Financial Institution, and upon default in