AU SMALL FINANCE BANK AUTHO. MANMOHAN SHIVPRAKAS KSHATRIYA vs IPL BRICKS — 101/2026

Case under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 14. Disposed: Contested--ALLOWED on 21st April 2026.

Case disposed

CRMA J - CRIM. MISC. APPLICATION - JMFC

CNR: GJVD050005522026

Filing Number

101/2026

Filing Date

03-Mar-2026

Registration No

101/2026

Registration Date

03-Mar-2026

Court

TALUKA COURT, SAVLI

Judge

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

Decision Date

21-Apr-2026

Nature of Disposal

Contested--ALLOWED

Last updated 04-Jul-2026

Acts & Sections

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

Petitioner(s)

  1. 1.AU SMALL FINANCE BANK AUTHO. MANMOHAN SHIVPRAKAS KSHATRIYA

    Adv. D P PATEL

Respondent(s)

  1. 1.IPL BRICKS

  2. 2.OAD VIKRAMBHAI BABUBHAI

  3. 3.OAD GEETABEN

Case History

  1. Case disposedDisposed

  2. 21-Apr-2026

    JudegementView PDF

    Case Summary: Cr. M. A. No. 101/2026 Decision: The court allowed AU Small Finance Bank's application under Section 14 of the SARFAESI Act, 2002, authorizing the court commissioner to take possession of the mortgaged property (Property No. 755 at Madodhar, Waghodia, Vadodara) from the borrowers IPL Bricks and co-borrowers Vikrambhai Babubhai and Geetaben. Key Reasoning: The court determined that under Section 14 of SARFAESI, the magistrate's role is ministerial—requiring only verification of formal compliance without quasi-judicial review. No prior notice to borrowers was necessary at the decision stage. The court found all prerequisites met: the property lay within territorial jurisdiction, Section 13(2) notice had been issued, and the secured creditor had complied with statutory formalities. The court directed the court commissioner to complete possession within 60 days with police assistance, with the bank depositing ₹20,000 toward commissioner expenses. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 21-Apr-2026

    Disposed

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

  4. 20-Apr-2026

    Order/Judgement

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

  5. 07-Apr-2026

    Process To Opponent

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

  6. 27-Mar-2026

    Process To Opponent

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

  7. 24-Mar-2026

    Process To Opponent

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

  8. 20-Mar-2026

    First hearing

    Initial hearing scheduled

  9. 03-Mar-2026

    Case filed

    Registration No. 101/2026

casestatus.in Summary

Case Summary: Cr. M. A. No. 101/2026 Decision: The court allowed AU Small Finance Bank's application under Section 14 of the SARFAESI Act, 2002, authorizing the court commissioner to take possession of the mortgaged property (Property No. 755 at Madodhar, Waghodia, Vadodara) from the borrowers IPL Bricks and co-borrowers Vikrambhai Babubhai and Geetaben. Key Reasoning: The court determined that under Section 14 of SARFAESI, the magistrate's role is ministerial—requiring only verification of formal compliance without quasi-judicial review. No prior notice to borrowers was necessary at the decision stage. The court found all prerequisites met: the property lay within territorial jurisdiction, Section 13(2) notice had been issued, and the secured creditor had complied with statutory formalities. The court directed the court commissioner to complete possession within 60 days with police assistance, with the bank depositing ₹20,000 toward commissioner expenses. This case analysis is maintained by casestatus.in based on publicly available court records.

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