EQUITAS SMALL FINANCE BANK LTD.AUTHORIZED OFFICER DEEPAK CHANDRAKANT PATEL vs RAMOLE AVINASH MACHHINDRA — 162/2026

Case under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 14. Disposed: Uncontested--ALLOWED on 13th March 2026.

Case disposed

CRMA J - CRIMINAL MISC. APPLICATION - JMFC

CNR: GJSR120003732026

Filing Number

162/2026

Filing Date

09-Feb-2026

Registration No

162/2026

Registration Date

09-Feb-2026

Court

TALUKA COURT, KATHOR

Judge

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

Decision Date

13-Mar-2026

Nature of Disposal

Uncontested--ALLOWED

Last updated 31-May-2026

Acts & Sections

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

Petitioner(s)

  1. 1.EQUITAS SMALL FINANCE BANK LTD.AUTHORIZED OFFICER DEEPAK CHANDRAKANT PATEL

    Adv. G V VEKARIYA

Respondent(s)

  1. 1.RAMOLE AVINASH MACHHINDRA

  2. 2.KAMLESH MACHHINDRA RAMOLE

  3. 3.RAMDAYAL BAIRWA S/O RAMPHAL

Case History

  1. Case disposedDisposed

  2. 13-Mar-2026

    OrderView PDF

    Case Summary: CRMAJ No. 162/2026 Court Decision: The Additional Chief Judicial Magistrate of Kathor, Surat ALLOWED Equitas Small Finance Bank's application under Section 14 of the SARFAESI Act, 2002. The court authorized a Court Commissioner to take possession of the mortgaged property (Plot No. 170/B at Swarna Villa Residency, Kareli, Palsana, Surat) and forward it to the bank. The applicant must deposit ₹15,000 toward commissioner expenses within one month, with possession to be completed within 90 days. Key Reasoning: The court found the bank satisfied all Section 14 requirements, including submission of the mandatory affidavit confirming loan default, valid security interest, proper notice under Section 13(2), and compliance with statutory procedures. The borrowers (Ramole Avinash Machhindra, Kamlesh Machhindra Ramole, and Ramdayal Bairwa) had defaulted on their loan obligations, justifying asset seizure. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 13-Mar-2026

    Disposed

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

  4. 09-Feb-2026

    Case filed

    Registration No. 162/2026

casestatus.in Summary

Case Summary: CRMAJ No. 162/2026 Court Decision: The Additional Chief Judicial Magistrate of Kathor, Surat ALLOWED Equitas Small Finance Bank's application under Section 14 of the SARFAESI Act, 2002. The court authorized a Court Commissioner to take possession of the mortgaged property (Plot No. 170/B at Swarna Villa Residency, Kareli, Palsana, Surat) and forward it to the bank. The applicant must deposit ₹15,000 toward commissioner expenses within one month, with possession to be completed within 90 days. Key Reasoning: The court found the bank satisfied all Section 14 requirements, including submission of the mandatory affidavit confirming loan default, valid security interest, proper notice under Section 13(2), and compliance with statutory procedures. The borrowers (Ramole Avinash Machhindra, Kamlesh Machhindra Ramole, and Ramdayal Bairwa) had defaulted on their loan obligations, justifying asset seizure. This case analysis is maintained by casestatus.in based on publicly available court records.

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