IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH CWP-7629-2025 Date of decision: 22.01.2026 STATE BANK OF INDIA ….PETITIONER Versus STATE OF PUNJAB AND OTHERS ...RESPONDENT CORAM: HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON'BLE MR. JUSTICE SANJIV BERRY Present: - Mr. Rakesh Gupta, Advocate for the petitioner.

Mr. Salil Sabhlok, Sr. DAG, Punjab.

Mr. Samarth Suri, Advocate for Mr. Rohit Suri, Advocate for respondents No.3 to 6.

Ms.Pridhi Sandhu, Advocate for the respondent No.7.

S HEEL NAGU, C.J. (Oral)

The petitioner-bank is before this Court invoking writ as well as supervisory jurisdiction under Article 226/227 of Constitution of India, being aggrieved by in-action on the part of District Magistrate, Fatehgarh Sahib, Punjab, to decide the application submitted by petitioner 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 14.11.2022.

2. It is stated in the application that the respondent-borrower(s) availed a loan facility of Rs.85,63,00,000/- from the petitioner-bank, and upon default in repayment, the account was classified as Non-Performing Asset (NPA) whereafter