VINOD S. BHARDWAJ
Gursharan Singh – Appellant
Versus
State of Punjab – Respondent
| Table of Content |
|---|
| 1. financial obligations and payment defaults (Para 4 , 5 , 6) |
| 2. mandatory adherence to fair practices code by finance companies (Para 10 , 11 , 12 , 13) |
| 3. contest regarding maintainability of the writ against finance companies (Para 14 , 21) |
| 4. use of recovery agents and compliance with legal processes (Para 23 , 24) |
| 5. public functions vs private commercial agreements (Para 42 , 50) |
| 6. joint reporting of the decision on maintainability (Para 84 , 89 , 90) |
JUDGMENT
Vinod S. Bhardwaj, J.
The present batch of 30 writ petitions raising a common question of law are being decided by a single judgment.
2. The question which arises for consideration before this Court is as regards the scope and maintainability of writ petition in the matters of re-possession of the vehicles financed by the Private Finance Companies/Private Banks.
3. For the facility of reference facts are being referred from CWP No.7599 of 2020 titled as ' Gursharan Singh v. State of Punjab and others'.
Facts
4. The petitioner who is a transporter by profession had purchased a vehicle bearing Registration No.PB-23 T 4785 after obtaining finance from respondent No.7 i.e. HDB Financial Services (hereinafter refer
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Writ petitions against private financial institutions under the SARFAESI Act are not maintainable; statutory remedies must be pursued instead.
Writ jurisdiction is not applicable for disputes arising from private loans, emphasizing that private financial institutions do not act as public authorities and contractual agreements cannot invoke ....
The classification of a borrower's account as NPA under the SARFAESI Act is not justiciable in writ jurisdiction until measures under section 13(4) are invoked, necessitating the exhaustion of statut....
A private company does not qualify as a 'State' under Article 12 of the Constitution and is not subject to writ jurisdiction unless it performs a public duty.
A writ petition against a Non-Banking Financial Company is not maintainable as it does not perform a public function, referring to precedents set by the Supreme Court.
Writ petitions under Article 226 not maintainable against private scheduled banks' SARFAESI actions; borrowers must exhaust Section 17 remedy before Debts Recovery Tribunal; High Courts cannot direct....
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