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.
CRMA J - CRIMINAL MISC. APPLICATION
CNR: GJMH030036342025
e-Filing Number
-
Filing Number
719/2025
Filing Date
20-12-2025
Registration No
719/2025
Registration Date
20-12-2025
Court
TALUKA COURT, KADI
Judge
2-2nd ADDL. SR. CIVIL JUDGE & A.C.J.M.
Decision Date
16th March 2026
Nature of Disposal
Uncontested--ALLOWED
Acts & Sections
Petitioner(s)
PUNJAB NATIONAL BANK THROUGH AUTHORIZED OFFICR MR BHAVIN G. SHAH
Adv. K R MODH
Respondent(s)
M/S NAVARANG ROADLINES PVT LTD
MANOJ KUMAR JINDAL
ANUP KUMAR JINDAL
SHANTIDEVI JINDAL
Hearing History
Judge: 2-2nd ADDL. SR. CIVIL JUDGE & A.C.J.M.
Disposed
ORDER/JUDGEMENT
ORDER/JUDGEMENT
ORDER/JUDGEMENT
EVIDENCE OF APPLICANT
| Date | Purpose | Result |
|---|---|---|
| 16-03-2026 | Disposed | |
| 10-03-2026 | ORDER/JUDGEMENT | |
| 13-02-2026 | ORDER/JUDGEMENT | |
| 03-01-2026 | ORDER/JUDGEMENT | |
| 29-12-2025 | EVIDENCE OF APPLICANT |
Final Orders / Judgements
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.
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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