EQUITAS SMALL FINANCE BANK LTD.AUTHORIZED OFFICER DEEPAK CHANDRAKANT PATEL vs RAVIKUMAR SURENDRA — 167/2026
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: GJSR120003782026
Filing Number
167/2026
Filing Date
09-02-2026
Registration No
167/2026
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)
RAVIKUMAR SURENDRA
SURENDRA RAM MOHANRAM
DHANMUNI DEVI SURENDRA RAM
Hearing History
Judge: 2-ADDL. SR. CIVIL JUDGE & A.C.J.M.
Disposed
| Date | Purpose |
|---|---|
| 13-03-2026 | Disposed |
Final Orders / Judgements
Case Summary: CRMA 167/2026 Court Decision: The Additional Chief Judicial Magistrate, Kathor (Surat) ALLOWED Equitas Small Finance Bank's application under Section 14 of the SARFAESI Act, 2002, authorizing possession of the respondents' mortgaged property (Plot No. 276, V.K. Park, Tatithaiya, Palsana, Surat). The court appointed a Court Commissioner to take possession within 90 days after the bank deposits ₹15,000 toward commissioner expenses. The bank must provide police assistance and bear all possession costs. Key Reasoning: The court found the bank satisfied all Section 14 SARFAESI requirements—valid security interest, borrower default, proper notice under Section 13(2), and compliance with statutory procedures. Following Supreme Court precedent, the court held that magistrates must assist secured creditors in asset possession once these conditions are verified, without conducting full adjudication or hearing borrowers. This case analysis is maintained by casestatus.in based on publicly available court records.
Case Summary: CRMA 167/2026 Court Decision: The Additional Chief Judicial Magistrate, Kathor (Surat) ALLOWED Equitas Small Finance Bank's application under Section 14 of the SARFAESI Act, 2002, authorizing possession of the respondents' mortgaged property (Plot No. 276, V.K. Park, Tatithaiya, Palsana, Surat). The court appointed a Court Commissioner to take possession within 90 days after the bank deposits ₹15,000 toward commissioner expenses. The bank must provide police assistance and bear all possession costs. Key Reasoning: The court found the bank satisfied all Section 14 SARFAESI requirements—valid security interest, borrower default, proper notice under Section 13(2), and compliance with statutory procedures. Following Supreme Court precedent, the court held that magistrates must assist secured creditors in asset possession once these conditions are verified, without conducting full adjudication or hearing borrowers. This case analysis is maintained by casestatus.in based on publicly available court records.
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