ASSETS CARE AND RECONSTRUCTION ENTERPRISE LTD THROUGH SHYAMAL SONI vs NEW RUPALI DRESSES — 389/2026

Case under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 14. Disposed: Uncontested--ALLOWED on 16th April 2026.

Case disposed

CRMA J - CRIMINAL MISC. APPLICATION - JMFC

CNR: GJJM020015222026

Filing Number

389/2026

Filing Date

04-Feb-2026

Registration No

389/2026

Registration Date

04-Feb-2026

Court

CIVIL COURT JAMNAGAR

Judge

12-3rd Addl. Sr. CIVIL Judge & A.C.J.M.

Decision Date

16-Apr-2026

Nature of Disposal

Uncontested--ALLOWED

Last updated 12-Jun-2026

Acts & Sections

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

Petitioner(s)

  1. 1.ASSETS CARE AND RECONSTRUCTION ENTERPRISE LTD THROUGH SHYAMAL SONI

    Adv. S H SAVALIYA

Respondent(s)

  1. 1.NEW RUPALI DRESSES

  2. 2.DARSHIT CHANDRAKANTBHAI SHAH

  3. 3.PIYUSH MAHESH CHANDRA SHAH

  4. 4.TEJAL D SHAH

  5. 5.SAROJBEN CHANDRAKANT SHAH

Case History

  1. Case disposedDisposed

  2. 16-Apr-2026

    JudegementView PDF

    The court allowed Assets Care and Reconstruction Enterprise Ltd.'s application under Section 14 of the SARFAESI Act, 2002, to take possession of a mortgaged commercial property in Jamnagar valued at Rs. 54,94,490/-. The borrowers (New Rupali Dresses and co-borrowers) defaulted on their loan obligations, and after issuing a statutory 60-day demand notice under Section 13(2), the court appointed a Court Commissioner to recover possession with police assistance, requiring 15 days' prior notice to the borrowers. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 16-Apr-2026

    Disposed

    3rd Addl. Sr. CIVIL Judge & A.C.J.M.

  4. 08-Apr-2026

    Hearing P.P.

    3rd Addl. Sr. CIVIL Judge & A.C.J.M.

  5. 04-Apr-2026

    Hearing P.P.

    3rd Addl. Sr. CIVIL Judge & A.C.J.M.

  6. 24-Mar-2026

    Hearing P.P.

    3rd Addl. Sr. CIVIL Judge & A.C.J.M.

  7. 16-Mar-2026

    Hearing P.P.

    3rd Addl. Sr. CIVIL Judge & A.C.J.M.

  8. 09-Mar-2026

    Hearing P.P.

    3rd Addl. Sr. CIVIL Judge & A.C.J.M.

  9. 28-Feb-2026

    Hearing P.P.

    3rd Addl. Sr. CIVIL Judge & A.C.J.M.

  10. 21-Feb-2026

    Hearing P.P.

    3rd Addl. Sr. CIVIL Judge & A.C.J.M.

  11. 07-Feb-2026

    First hearing

    Initial hearing scheduled

  12. 04-Feb-2026

    Case filed

    Registration No. 389/2026

casestatus.in Summary

The court allowed Assets Care and Reconstruction Enterprise Ltd.'s application under Section 14 of the SARFAESI Act, 2002, to take possession of a mortgaged commercial property in Jamnagar valued at Rs. 54,94,490/-. The borrowers (New Rupali Dresses and co-borrowers) defaulted on their loan obligations, and after issuing a statutory 60-day demand notice under Section 13(2), the court appointed a Court Commissioner to recover possession with police assistance, requiring 15 days' prior notice to the borrowers. This case analysis is maintained by casestatus.in based on publicly available court records.

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