KIFS HOUSING FINANCE LTD AUTHORISED OFFICER MR PARESH S KHATIK vs THAKOR FULAJI AJMELJI — 28/2026

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 disposed

CRMA J - CRIMINAL MISC.APPLICATION-JMFC

CNR: GJMH070001662026

Filing Number

28/2026

Filing Date

27-Jan-2026

Registration No

28/2026

Registration Date

27-Jan-2026

Court

TALUKA COURT, VIJAPUR

Judge

1-Principal Senior CIVIL Judge & Addl. CJM

Decision Date

16-Mar-2026

Nature of Disposal

Uncontested--ALLOWED

Last updated 05-May-2026

Acts & Sections

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

Petitioner(s)

  1. 1.KIFS HOUSING FINANCE LTD AUTHORISED OFFICER MR PARESH S KHATIK

    Adv. G V DAVE

Respondent(s)

  1. 1.THAKOR FULAJI AJMELJI

  2. 2.CHAUHAN KANCHANBEN AMARATJI

  3. 3.THAKOR KANAJI BABAJI

Case History

  1. Case disposedDisposed

  2. 16-Mar-2026

    OrderView PDF

    Summary The Additional Chief Judicial Magistrate, Vijapur, allowed KIFS Housing Finance Ltd.'s application under Section 14 of the SARFAESI Act to take possession of mortgaged property. The borrowers defaulted on a Rs. 6,70,754 loan, and despite receiving statutory notice under Section 13(2) to pay Rs. 7,29,245 within 60 days, failed to comply. The court appointed a Court Commissioner to take possession of the property at Milkat No. 215, Motovas, Gavada, within 90 days, holding that the magistrate has no jurisdiction to examine the merits of the claim once the statutory notice procedure is completed. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 16-Mar-2026

    Disposed

    Principal Senior CIVIL Judge & Addl. CJM

  4. 10-Mar-2026

    Process To Opponent

    Principal Senior CIVIL Judge & Addl. CJM

  5. 19-Feb-2026

    First hearing

    Initial hearing scheduled

  6. 27-Jan-2026

    Case filed

    Registration No. 28/2026

casestatus.in Summary

Summary The Additional Chief Judicial Magistrate, Vijapur, allowed KIFS Housing Finance Ltd.'s application under Section 14 of the SARFAESI Act to take possession of mortgaged property. The borrowers defaulted on a Rs. 6,70,754 loan, and despite receiving statutory notice under Section 13(2) to pay Rs. 7,29,245 within 60 days, failed to comply. The court appointed a Court Commissioner to take possession of the property at Milkat No. 215, Motovas, Gavada, within 90 days, holding that the magistrate has no jurisdiction to examine the merits of the claim once the statutory notice procedure is completed. This case analysis is maintained by casestatus.in based on publicly available court records.

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