IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Date of decision: 09.03.2026 SMFG INDIA HOME FINANCE COMPANY LTD ….Petitioner.

Versus MOD SUBHAN MIYA AND OTHERS ....Respondents. CORAM: HON’BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON’BLE MR. JUSTICE SANJIV BERRY, JUDGE Present:- Mr. Vikas Bali, Advocate, for the petitioner.

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SHEEL NAGU, CHIEF JUSTICE (Oral)

1. The petitioner-finance company 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 (Annexure P-4) 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 10.09.2025.

1.1 It is informed 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. 11,89,443/-, from the applicant/finance company, and upon default in repayment, the account was classified as Non-Performing Asset (NPA) whereafter demand