IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Date of decision: 20.01.2026 Truhome Finance Limited ….Petitioner.

Versus Chief Judicial Magistrate, Ludhiana and ors ....Respondents. CORAM: HON’BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON’BLE MR. JUSTICE SANJIV BERRY, JUDGE Present:- Mr. Nitin Grover, Advocate, for the petitioner (through VC)

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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 Constitution of India, being aggrieved by in-action on the part of Chief Judicial Magistrate, Ludhiana, to decide the application (CRM-4214-2025) 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) (Annexure P-2).

1.1 It is submitted that no SA is pending before the Debt Recovery Appellate Tribunal and Debt Recovery Tribunal.

2. It is stated in the application that the respondent- borrower(s) availed a loan facility of Rs. 33,13,625/- from the applicant/financial institution, and upon default in repayment, the account was classified as Non-Performing Asset (NPA) where