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.

CRMA J - CRIMINAL MISC. APPLICATI- JMFC

CNR: GJGS020005272026

Case disposed

e-Filing Number

-

Filing Number

123/2026

Filing Date

28-02-2026

Registration No

123/2026

Registration Date

28-02-2026

Court

Civil Court, Veraval

Judge

8-CHIEF JUDICIAL MAGISTRATE

Decision Date

17th March 2026

Nature of Disposal

Uncontested--ALLOWED

Acts & Sections

SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 Section 14,

Petitioner(s)

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

Adv. K H PADIA

Respondent(s)

M/S KHUSBU SEA FOOD

SALIM ISHABHAI BAGJI

SABANA SALIM BAGJI

Hearing History

Judge: 8-CHIEF JUDICIAL MAGISTRATE

17-03-2026

Disposed

11-03-2026

ORDER

09-03-2026

PROCESS TO OPPONENT

28-02-2026

PROCESS TO OPPONENT

Final Orders / Judgements

17-03-2026
ORDER

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.

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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