IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Date of decision: 04.02.2026 Yes Bank Limited ….Petitioner.

Versus State of Punjab and others ....Respondents.

CORAM: HON’BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON’BLE MR. JUSTICE SANJIV BERRY, JUDGE Present:- Mr. Nakul Sharma, Advocate, for the petitioner.

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SHEEL NAGU, CHIEF JUSTICE (Oral)

1. The petitioner-bank 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 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 15.05.2025.

1.1 It is stated in the petition that no proceedings are pending before the DRT or DRAT.

2. It is stated in the application that the respondent- borrower(s) availed a loan facility of Rs. 30.00 lacs from the applicant bank, and upon default in repayment, the account was classified as Non-Performing Asset (NPA) whereafter demand notice dated 03.12.2024 (Annexure P-2) under Section 13(2) of the SARFAESI Act wa