State Bank Of India Through Pranesh Thakur vs Fahad Ahmed Siddiqui — 35/2026

Case under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act Section 14. Disposed: Uncontested--DISPOSED OF OTHERWISE on 16th March 2026.

Case disposed

Cri.M.A. - Criminal Misc. Application

CNR: MHRG030000872026

e-Filing Number

21-12-2025

Filing Number

87/2026

Filing Date

13-Jan-2026

Registration No

35/2026

Registration Date

13-Jan-2026

Court

Chief Judicial Magistrate , Raigarh

Judge

1-Chief Judicial Magistrate Raigad-Alibag

Decision Date

16-Mar-2026

Nature of Disposal

Uncontested--DISPOSED OF OTHERWISE

Last updated 28-Apr-2026

Acts & Sections

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

Petitioner(s)

  1. 1.State Bank Of India Through Pranesh Thakur

    Adv. BAVANE SMRUTI KAPIL

Respondent(s)

  1. 1.Fahad Ahmed Siddiqui

Case History

  1. Case disposedDisposed

  2. 16-Mar-2026

    Order on ExhibitView PDF

    Summary The court allowed State Bank of India's application under Section 14 of the SARFAESI Act to take physical possession of mortgaged property (Flats 304 & 305, Avnit Plaza, Raigad) valued at approximately ₹34.56 lakhs. The respondent defaulted on home and personal loans totaling ₹43.12 lakhs, and despite a 60-day notice under Section 13(2), failed to repay. The court appointed an advocate as commissioner to execute possession within one month, with police aid if necessary, following established precedent that magistrate review under Section 14 is ministerial rather than adjudicatory. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 16-Mar-2026

    Disposed

    Chief Judicial Magistrate Raigad-Alibag

  4. 10-Mar-2026

    Order

    Chief Judicial Magistrate Raigad-Alibag

  5. 07-Mar-2026

    Order

    Chief Judicial Magistrate Raigad-Alibag

  6. 27-Feb-2026

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  7. 20-Jan-2026

    First hearing

    Initial hearing scheduled

  8. 13-Jan-2026

    Case filed

    Registration No. 35/2026

casestatus.in Summary

Summary The court allowed State Bank of India's application under Section 14 of the SARFAESI Act to take physical possession of mortgaged property (Flats 304 & 305, Avnit Plaza, Raigad) valued at approximately ₹34.56 lakhs. The respondent defaulted on home and personal loans totaling ₹43.12 lakhs, and despite a 60-day notice under Section 13(2), failed to repay. The court appointed an advocate as commissioner to execute possession within one month, with police aid if necessary, following established precedent that magistrate review under Section 14 is ministerial rather than adjudicatory. This case analysis is maintained by casestatus.in based on publicly available court records.

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