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.
CRMA J - CRIMINAL MISC. APPLICATION - JMFC
CNR: GJSR120003732026
Filing Number
162/2026
Filing Date
09-02-2026
Registration No
162/2026
Registration Date
09-02-2026
Court
TALUKA COURT, KATHOR
Judge
2-ADDL. SR. CIVIL JUDGE & A.C.J.M.
Decision Date
13th March 2026
Nature of Disposal
Uncontested--ALLOWED
Acts & Sections
Petitioner(s)
EQUITAS SMALL FINANCE BANK LTD.AUTHORIZED OFFICER DEEPAK CHANDRAKANT PATEL
Adv. G V VEKARIYA
Respondent(s)
RAMOLE AVINASH MACHHINDRA
KAMLESH MACHHINDRA RAMOLE
RAMDAYAL BAIRWA S/O RAMPHAL
Hearing History
Judge: 2-ADDL. SR. CIVIL JUDGE & A.C.J.M.
Disposed
| Date | Purpose |
|---|---|
| 13-03-2026 | Disposed |
Final Orders / Judgements
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.
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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