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High Court of Punjab and Haryana · body

2025 DAILYLAW 82304 (PNJ)

SMFG INDIA HOME FINANCE COMPANY LIMITED v. CHIEF JUDICIAL MAGISTRATE LUDHIANA AND OTHERS

CWP/21149/2025 · 2025-08-08

Sanjiv Berry

body2025

Judgment text

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1 CWP No. 21149 of 2025 IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH CWP-21149 of 2025 (O&M) DATE OF DECISION: 08.08.2025 SMFG INDIA HOME FINANCE COMPANY LIMITED ..….Petitioner V/S CHIEF JUDICIAL MAGISTRATE AND OTHERS ……Respondents CORAM: HON’BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE HON’BLE MR. JUSTICE SANJIV BERRY, JUDGE Present:- Mr. Himendra Pal Singh, Advocate, for the petitioner. Mr. Vipin Pal Yadav, Addl. Advocate General, Punjab **** SHEEL NAGU, CHIEF JUSTICE (Oral) 1. Pursuant to the order dated 25.07.2025, the District & Sessions Judge, Ludhiana has submitted a report which reveals that the application under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short ‘SARFAESI Act’), filed by the petitioner on 18.01.2025 before the Chief Judicial Magistrate, Ludhiana, is still pending for consideration and is now fixed for 22.08.2025. 2. Accordingly, this Court disposes of this petition, with a direction to the Chief Judicial Magistrate, Ludhiana to ensure disposal of the application under Section 14 of the SARFAESI Act on 22.08.2025, with a corresponding direction to the District & Sessions Judge to ensure that the application be disposed on 22.08.2025, subject to the petitioner-financial institution complying with all the requisites under Section 14 of the SARFAESI Act. 3. With the aforesaid liberty, the present petition stands disposed. 4. All pending Civil Miscellaneous application(s), if any, stand disposed of accordingly. (SHEEL NAGU) CHIEF JUSTICE (SANJIV BERRY) JUDGE 08.08.2025 Kamal Gandhi Whether speaking/reasoned Yes/No Whether reportable Yes/No KAMAL GANDHI 2025.08.11 14:01 I attest to the accuracy and integrity of this document