IN THE HIGH COURT OF PUNJAB AND HARYANA

AT CHANDIGARH

CWP-12-2026

Date of decision : 09.01.2026

SMFG India Credit Company Ltd.

…….Petitioner

Versus

Chief Judicial Magistrate, Ludhiana and others

...….Respondents

CORAM: HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE

HON'BLE MS. JUSTICE NEERJA KULWANT KALSON

Present: Mr. Karnesh Verma, Advocate (through video conferencing),

for the petitioner.

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SHEEL NAGU, CHIEF JUSTICE ( Oral )

1. The petitioner – financial institution is before this Court invoking writ as well as supervisory jurisdiction under Article 226/227 of the Constitution of India, being aggrieved by in-action on the part of Chief Judicial Magistrate, Ludhiana (respondent No.1) to decide the application (Annexure P-4) submitted by the petitioner u/s 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act,

2002 (in short, ‘SARFAESI Act’), which is pending since July, 2025.

1.1 It is submitted by learned counsel for the petitioner that no Securitization Application or appeal has been filed by borrower(s)/co- borrower(s) or any other stakeholder relating to the loan transaction involved

in the instant petition.

2. It is stated in the application