SMFG INDIA HOME FINANCE COMPANY LIMITED v. CHIEF JUDICIAL MAGISTRATE AND OTHERS
CWP/21886/2025 · 2025-08-08
Sanjiv Berry
body2025
DailyLaw.ai
[ 2025 DAILYLAW 85772 (PNJ) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 85772 (PNJ) · dailylaw.ai ]
Judgment text
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1 CWP No. 21886 of 2025
IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH
CWP-21886 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.
This petition has been filed by petitioner-financial institution, raising a grievance of long pendency of application under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short ‘SARFAESI Act’), which was filed on 17.01.2025 before the Chief Judicial Magistrate, Ludhiana but still remains pending for consideration.
2.
This Court on the last occasion had sought a report from the District & Sessions Judge, Ludhiana about the status of the said application dated
17.01.2025. The report of the District & Sessions Judge, Ludhiana reveals that the application under Section 14 of the SARFAESI Act has been decided on 01.08.2025 in favour of the petitioner-financial institution.
3.
In view of the above, the petition stands disposed of as having rendered infructuous.
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