PUNJAB NATIONAL BANK THROUGH AUTHORIZED OFFICR MR BHAVIN G. SHAH vs M/S NAVARANG ROADLINES PVT LTD — 719/2025

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

Case disposedSub Stage

CRMA J - CRIMINAL MISC. APPLICATION

CNR: GJMH030036342025

Filing Number

719/2025

Filing Date

20-Dec-2025

Registration No

719/2025

Registration Date

20-Dec-2025

Court

TALUKA COURT, KADI

Judge

2-2nd Addl. Sr. CIVIL Judge & A.C.J.M.

Decision Date

16-Mar-2026

Nature of Disposal

Uncontested--ALLOWED

Last updated 06-May-2026

Acts & Sections

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

Petitioner(s)

  1. 1.PUNJAB NATIONAL BANK THROUGH AUTHORIZED OFFICR MR BHAVIN G. SHAH

    Adv. K R MODH

Respondent(s)

  1. 1.M/S NAVARANG ROADLINES PVT LTD

  2. 2.MANOJ KUMAR JINDAL

  3. 3.ANUP KUMAR JINDAL

  4. 4.SHANTIDEVI JINDAL

Case History

  1. Case disposedDisposed

  2. 16-Mar-2026

    OrderView PDF

    Summary The 2nd Additional Chief Judicial Magistrate at Kadi allowed a bank's application under Section 14 of the SARFAESI Act, 2002 to take possession of mortgaged properties belonging to borrowers who defaulted on a ₹33.5 crore loan facility. The borrowers' account was classified as non-performing assets (NPA) in September 2019, and despite statutory notice under Section 13(2) issued in October 2019 and demand notices, the borrowers failed to repay the outstanding amount of ₹32,22,77,178.53. The court appointed three Court Commissioners to take possession of the secured commercial shop properties and forward them to the bank for debt recovery through sale. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 16-Mar-2026

    Disposed

    2nd Addl. Sr. CIVIL Judge & A.C.J.M.

  4. 10-Mar-2026

    Order/Judgement

    2nd Addl. Sr. CIVIL Judge & A.C.J.M.

  5. 13-Feb-2026

    Order/Judgement

    2nd Addl. Sr. CIVIL Judge & A.C.J.M.

  6. 03-Jan-2026

    Order/Judgement

    2nd Addl. Sr. CIVIL Judge & A.C.J.M.

  7. 29-Dec-2025

    First hearing

    Initial hearing scheduled

  8. 20-Dec-2025

    Case filed

    Registration No. 719/2025

casestatus.in Summary

Summary The 2nd Additional Chief Judicial Magistrate at Kadi allowed a bank's application under Section 14 of the SARFAESI Act, 2002 to take possession of mortgaged properties belonging to borrowers who defaulted on a ₹33.5 crore loan facility. The borrowers' account was classified as non-performing assets (NPA) in September 2019, and despite statutory notice under Section 13(2) issued in October 2019 and demand notices, the borrowers failed to repay the outstanding amount of ₹32,22,77,178.53. The court appointed three Court Commissioners to take possession of the secured commercial shop properties and forward them to the bank for debt recovery through sale. This case analysis is maintained by casestatus.in based on publicly available court records.

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