The Alleppey Urban Co-operative Bank Ltd.No.A.67 vs Prajin Prasad — 400601/2024

Case under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act Section 14. Disposed: Contested--DISPOSED on 11th March 2026.

MC - MISCELLANEOUS & MAINTENANCE CASE

CNR: KLAL050009712024

Case disposed

e-Filing Number

13-08-2024

Filing Number

400968/2024

Filing Date

01-10-2024

Registration No

400601/2024

Registration Date

10-10-2024

Court

CJM Court Alappuzha

Judge

1-Chief Judicial Magistrate

Decision Date

11th March 2026

Nature of Disposal

Contested--DISPOSED

Acts & Sections

SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT Section 14

Petitioner(s)

The Alleppey Urban Co-operative Bank Ltd.No.A.67

Adv. JAYAN C DAS

Respondent(s)

Prajin Prasad

Sheeja Prasad

Prasad S

Hearing History

Judge: 1-Chief Judicial Magistrate

11-03-2026

Disposed

15-01-2026

Call on

20-11-2025

For commission report

16-10-2025

For commission report

29-08-2025

Call on

Final Orders / Judgements

11-03-2026
Order

The Chief Judicial Magistrate of Alappuzha granted the Alleppey Urban Co-operative Bank's application under the SARFAESI Act 2002 to take possession of the secured property mortgaged by the respondents, as they defaulted on loan repayment despite receiving statutory notice under Section 13(2). An advocate commissioner was appointed to take possession after giving 15 days' notice and hand over the property to the bank with police assistance if required. This case analysis is maintained by casestatus.in based on publicly available court records.

casestatus.in Summary

The Chief Judicial Magistrate of Alappuzha granted the Alleppey Urban Co-operative Bank's application under the SARFAESI Act 2002 to take possession of the secured property mortgaged by the respondents, as they defaulted on loan repayment despite receiving statutory notice under Section 13(2). An advocate commissioner was appointed to take possession after giving 15 days' notice and hand over the property to the bank with police assistance if required. This case analysis is maintained by casestatus.in based on publicly available court records.

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