BANK OF MAHARASHTRA, NAVSARI BRANCH THROUGH ITS AUTHORISED OFFICER RAJESH JOSHI vs NARESHBHAI ILLANNA SAGOLU — 1624/2025

Case under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 14. Disposed: Uncontested--ALLOWED on 24th March 2026.

Case disposed

CRMA J - CRIMINALMISC. APPLICATION-JMFC

CNR: GJNV020124462025

Filing Number

1624/2025

Filing Date

14-Nov-2025

Registration No

1624/2025

Registration Date

14-Nov-2025

Court

CIVIL COURT, NAVSARI

Judge

2-Chief Judicial Magistrate

Decision Date

24-Mar-2026

Nature of Disposal

Uncontested--ALLOWED

Last updated 16-Apr-2026

Acts & Sections

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

Petitioner(s)

  1. 1.BANK OF MAHARASHTRA, NAVSARI BRANCH THROUGH ITS AUTHORISED OFFICER RAJESH JOSHI

    Adv. D K KHOIWAL

Respondent(s)

  1. 1.NARESHBHAI ILLANNA SAGOLU

  2. 2.JIGNESHKUMAR V. RAJYAGOR

Case History

  1. Case disposedDisposed

  2. 24-Mar-2026

    OrderView PDF

    Summary The Chief Judicial Magistrate of Navsari approved the secured creditor's application under Section 14 of the SARFAESI Act to take possession of a secured property (Plot No. 22, Samir Garden, Navsari) from a defaulting borrower. The court held that the magistrate has limited jurisdictional scope under Section 14 and cannot adjudicate disputes regarding whether assets are properly secured—those determinations fall to the Debt Recovery Tribunal under Section 17. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 24-Mar-2026

    Disposed

    Chief Judicial Magistrate

  4. 09-Mar-2026

    Notice To Opponents

    Chief Judicial Magistrate

  5. 28-Feb-2026

    Notice To Opponents

    Chief Judicial Magistrate

  6. 25-Feb-2026

    Notice To Opponents

    Chief Judicial Magistrate

  7. 21-Feb-2026

    Notice To Opponents

    Chief Judicial Magistrate

  8. 05-Feb-2026

    Notice To Opponents

    Chief Judicial Magistrate

  9. 31-Jan-2026

    Notice To Opponents

    Chief Judicial Magistrate

  10. 17-Jan-2026

    Notice To Opponents

    Chief Judicial Magistrate

  11. 03-Jan-2026

    Notice To Opponents

    Chief Judicial Magistrate

  12. 15-Dec-2025

    First hearing

    Initial hearing scheduled

  13. 14-Nov-2025

    Case filed

    Registration No. 1624/2025

casestatus.in Summary

Summary The Chief Judicial Magistrate of Navsari approved the secured creditor's application under Section 14 of the SARFAESI Act to take possession of a secured property (Plot No. 22, Samir Garden, Navsari) from a defaulting borrower. The court held that the magistrate has limited jurisdictional scope under Section 14 and cannot adjudicate disputes regarding whether assets are properly secured—those determinations fall to the Debt Recovery Tribunal under Section 17. This case analysis is maintained by casestatus.in based on publicly available court records.

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