INDIAN BANK - AUTHORIZED OFFICER - MR.MUKESH JANGIR CHIEF MANAGER vs SATNAM AGRO AND FOOD INDUSTRIES — 219/2025

Case under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 14,. Disposed: Uncontested--ALLOWED on 06th March 2026.

CRMA J - CRIMINAL MISC.APPLICATION JMFC

CNR: GJKH050017092025

Case disposed

e-Filing Number

-

Filing Number

219/2025

Filing Date

04-10-2025

Registration No

219/2025

Registration Date

04-10-2025

Court

TALUKA COURT, KAPADVANJ

Judge

3-PRINCIPAL SENIOR CIVIL JUDGE & ADDL. CJM

Decision Date

06th 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)

INDIAN BANK - AUTHORIZED OFFICER - MR.MUKESH JANGIR CHIEF MANAGER

Adv. K R BUNDELA

Respondent(s)

SATNAM AGRO AND FOOD INDUSTRIES

PARESHBHAI BHIKHABHAI PATEL

RAKESHBHAI SADHABHAI PATEL

SUNITABEN VIKRAMBHAI PATEL

Hearing History

Judge: 3-PRINCIPAL SENIOR CIVIL JUDGE & ADDL. CJM

06-03-2026

Disposed

02-03-2026

PROCESS TO OPPONENT

20-02-2026

PROCESS TO OPPONENT

03-02-2026

PROCESS TO OPPONENT

22-01-2026

PROCESS TO OPPONENT

Final Orders / Judgements

06-03-2026
ORDER

Court Decision Summary The Chief Judicial Magistrate of Kapadwanj allowed the Asset Reconstruction Company's application under Section 14 of the SARFAESI Act, 2002, to take possession of two secured properties in Gujarat after the borrowers defaulted on their loan obligations. The court appointed two commissioners to take physical possession of the properties, authorized them to use force if necessary, and directed the company to deposit ₹30,000 as commissioner remuneration within 15 days. This case analysis is maintained by casestatus.in based on publicly available court records.

casestatus.in Summary

Court Decision Summary The Chief Judicial Magistrate of Kapadwanj allowed the Asset Reconstruction Company's application under Section 14 of the SARFAESI Act, 2002, to take possession of two secured properties in Gujarat after the borrowers defaulted on their loan obligations. The court appointed two commissioners to take physical possession of the properties, authorized them to use force if necessary, and directed the company to deposit ₹30,000 as commissioner remuneration within 15 days. This case analysis is maintained by casestatus.in based on publicly available court records.

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