1. The petitioner-Financial Institution 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 respondent No.1-Chief
Judicial Magistrate, Ludhiana, to decide the application submitted by
petitioner-Financial Institution 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 10.02.2026.
2. It is submitted that no proceedings are pending before
DRT/DRAT.
