Asset Reconstruction Company India Limited Through Ashfaque Shaikh vs Sachin Avinash Patil — 432/2025
Case under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act Section 14. Disposed: Uncontested--DISPOSED OF OTHERWISE on 18th April 2026.
Cri.M.A. - Criminal Misc. Application
CNR: MHRG030008452025
e-Filing Number
13-03-2025
Filing Number
845/2025
Filing Date
24-03-2025
Registration No
432/2025
Registration Date
24-03-2025
Court
Chief Judicial Magistrate , Raigarh
Judge
1-Chief Judicial Magistrate Raigad-ALIBAG
Decision Date
18th April 2026
Nature of Disposal
Uncontested--DISPOSED OF OTHERWISE
Acts & Sections
Petitioner(s)
Asset Reconstruction Company India Limited Through Ashfaque Shaikh
Adv. LALSARE MANDAR ARVIND
Respondent(s)
Sachin Avinash Patil
Aruna Sachin Patil
Hearing History
Judge: 1-Chief Judicial Magistrate Raigad-ALIBAG
Disposed
Arguments
Arguments
Verification
Verification
| Date | Purpose |
|---|---|
| 18-04-2026 | Disposed |
| 04-04-2026 | Arguments |
| 12-03-2026 | Arguments |
| 21-02-2026 | Verification |
| 27-01-2026 | Verification |
Final Orders / Judgements
The court allowed Asset Reconstruction Company India Limited's application under Section 14 of the SARFAESI Act to take physical possession of a mortgaged flat in Raigad after the borrowers defaulted on their home loans totaling ₹9,16,877. The court appointed a Court Commissioner to seize the property and hand it over to the bank within one month, authorizing police aid if needed, as the borrowers failed to repay the outstanding amount despite proper notice under Section 13(2) of the Act. This case analysis is maintained by casestatus.in based on publicly available court records.
The court allowed Asset Reconstruction Company India Limited's application under Section 14 of the SARFAESI Act to take physical possession of a mortgaged flat in Raigad after the borrowers defaulted on their home loans totaling ₹9,16,877. The court appointed a Court Commissioner to seize the property and hand it over to the bank within one month, authorizing police aid if needed, as the borrowers failed to repay the outstanding amount despite proper notice under Section 13(2) of the Act. This case analysis is maintained by casestatus.in based on publicly available court records.
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