IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Date of decision: 11.02.2026 Punjab Sind Bank ….Petitioner.

Versus District Magistrate Amritsar and others ....Respondents. CORAM: HON’BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON’BLE MR. JUSTICE SANJIV BERRY, JUDGE Present:- Mr. Nikhil Mahajan, Advocate, for the petitioner.

Mr. Salil Sabhlok, Senior DAG, Punjab.

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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 the District Magistrate, Amritsar, 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 05.08.2025.

1.1 It is informed that SA is pending however, no stay has been granted in favour of the borrowers by the DRT-I, Chandigarh.

2. It is stated in the application that the respondent- borrower(s) availed two loan facilities of Rs. 2,75,00,000/- and

8,00,00,000/- from the applicant bank, and upon default in repayment, the account was classified as Non-Performing