PUNJAB NATIONAL BANK REP BY SOMASHANKAR vs SRIDHAR N — 8356/2025

Case under The Securitization and Reconstruction of Financial Asset and Security Act Section 14. Disposed: Contested--ALLOWED on 30th April 2026.

Case disposed

Crl.Misc. - CRIMINAL MISC.CASES

CNR: KABC030737812025

Filing Number

8488/2025

Filing Date

10-Nov-2025

Registration No

8356/2025

Registration Date

10-Nov-2025

Court

CHIEF METROPOLITAN MAGISTRATE COURT, BENGALURU

Judge

61-Chief Judicial Magistrate , Bengaluru City

Decision Date

30-Apr-2026

Nature of Disposal

Contested--ALLOWED

Last updated 03-Jul-2026

FIR Details

Police Station

MICO LAYOUT PS

Year

0

Acts & Sections

The Securitization and Reconstruction of Financial Asset and Security Act Section 14

Petitioner(s)

  1. 1.PUNJAB NATIONAL BANK REP BY SOMASHANKAR

    Adv. SOWMYA R

Respondent(s)

  1. 1.SRIDHAR N

  2. 2.ROOPOA SRIDHAR

Case History

  1. Case disposedDisposed

  2. 30-Apr-2026

    OrdersView PDF

    The Chief Judicial Magistrate of Bengaluru allowed Punjab National Bank's petition under Section 14 of the SARFAESI Act to take possession of mortgaged property from borrowers Sridhar N and Roopa Sridhar, who defaulted on loans totaling ₹59.9 lakhs. The court found the bank complied with mandatory procedures including demand and possession notices published in newspapers, and appointed a Court Commissioner to take possession within three months. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 30-Apr-2026

    Disposed

    Chief Judicial Magistrate , Bengaluru City

  4. 17-Apr-2026

    Order

    Chief Judicial Magistrate , Bengaluru City

  5. 10-Apr-2026

    To Hear On

    Chief Judicial Magistrate , Bengaluru City

  6. 24-Mar-2026

    To Hear On

    Chief Judicial Magistrate , Bengaluru City

  7. 04-Mar-2026

    To Hear On

    Chief Judicial Magistrate , Bengaluru City

  8. 24-Feb-2026

    To Hear On

    Chief Judicial Magistrate , Bengaluru City

  9. 16-Feb-2026

    To Hear On

    Chief Judicial Magistrate , Bengaluru City

  10. 14-Nov-2025

    First hearing

    Initial hearing scheduled

  11. 10-Nov-2025

    Case filed

    Registration No. 8356/2025

casestatus.in Summary

The Chief Judicial Magistrate of Bengaluru allowed Punjab National Bank's petition under Section 14 of the SARFAESI Act to take possession of mortgaged property from borrowers Sridhar N and Roopa Sridhar, who defaulted on loans totaling ₹59.9 lakhs. The court found the bank complied with mandatory procedures including demand and possession notices published in newspapers, and appointed a Court Commissioner to take possession within three months. This case analysis is maintained by casestatus.in based on publicly available court records.

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