AXIS BANK LTD. THROUGH AUTHO. OFFICER Mr. TANK KANJI NATHABHAI vs M/S KHUSBU SEA FOOD — 123/2026

Case under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 14. Disposed: Uncontested--ALLOWED on 17th March 2026.

Case disposed

CRMA J - CRIMINAL MISC. APPLICATI- JMFC

CNR: GJGS020005272026

Filing Number

123/2026

Filing Date

28-Feb-2026

Registration No

123/2026

Registration Date

28-Feb-2026

Court

Civil Court, Veraval

Judge

8-Chief Judicial Magistrate

Decision Date

17-Mar-2026

Nature of Disposal

Uncontested--ALLOWED

Last updated 23-Apr-2026

Acts & Sections

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 14

Petitioner(s)

  1. 1.AXIS BANK LTD. THROUGH AUTHO. OFFICER Mr. TANK KANJI NATHABHAI

    Adv. K H PADIA

Respondent(s)

  1. 1.M/S KHUSBU SEA FOOD

  2. 2.SALIM ISHABHAI BAGJI

  3. 3.SABANA SALIM BAGJI

Case History

  1. Case disposedDisposed

  2. 17-Mar-2026

    OrderView PDF

    Court Summary The Chief Judicial Magistrate allowed Axis Bank's application under Section 14 of the SARFAESI Act, 2002, granting the bank assistance to take possession of two mortgaged residential properties belonging to borrower Salim Ishabhai Bagji in Veraval, Gir Somnath. The court authorized a Court Commissioner to execute the possession process and directed police assistance, finding that the bank satisfied all statutory requirements under SARFAESI Act provisions including proper notice and classification of the account as non-performing. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 17-Mar-2026

    Disposed

    Chief Judicial Magistrate

  4. 11-Mar-2026

    Order

    Chief Judicial Magistrate

  5. 09-Mar-2026

    Process To Opponent

    Chief Judicial Magistrate

  6. 28-Feb-2026

    First hearing

    Initial hearing scheduled

  7. 28-Feb-2026

    Case filed

    Registration No. 123/2026

casestatus.in Summary

Court Summary The Chief Judicial Magistrate allowed Axis Bank's application under Section 14 of the SARFAESI Act, 2002, granting the bank assistance to take possession of two mortgaged residential properties belonging to borrower Salim Ishabhai Bagji in Veraval, Gir Somnath. The court authorized a Court Commissioner to execute the possession process and directed police assistance, finding that the bank satisfied all statutory requirements under SARFAESI Act provisions including proper notice and classification of the account as non-performing. This case analysis is maintained by casestatus.in based on publicly available court records.

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