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.

Case disposed

Cri.M.A. - Criminal Misc. Application

CNR: MHRG030008452025

e-Filing Number

13-03-2025

Filing Number

845/2025

Filing Date

24-Mar-2025

Registration No

432/2025

Registration Date

24-Mar-2025

Court

Chief Judicial Magistrate , Raigarh

Judge

1-Chief Judicial Magistrate Raigad-Alibag

Decision Date

18-Apr-2026

Nature of Disposal

Uncontested--DISPOSED OF OTHERWISE

Last updated 30-May-2026

Acts & Sections

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

Petitioner(s)

  1. 1.Asset Reconstruction Company India Limited Through Ashfaque Shaikh

    Adv. LALSARE MANDAR ARVIND

Respondent(s)

  1. 1.Sachin Avinash Patil

  2. 2.Aruna Sachin Patil

Case History

  1. Case disposedDisposed

  2. 18-Apr-2026

    Order on ExhibitView PDF

    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.

  3. 18-Apr-2026

    Disposed

    Chief Judicial Magistrate Raigad-Alibag

  4. 04-Apr-2026

    Arguments

    Chief Judicial Magistrate Raigad-Alibag

  5. 12-Mar-2026

    Arguments

    Chief Judicial Magistrate Raigad-Alibag

  6. 21-Feb-2026

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  7. 27-Jan-2026

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  8. 30-Dec-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  9. 27-Nov-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  10. 04-Nov-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  11. 04-Oct-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  12. 30-Aug-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  13. 22-Jul-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  14. 04-Jun-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  15. 16-May-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  16. 22-Apr-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  17. 01-Apr-2025

    First hearing

    Initial hearing scheduled

  18. 24-Mar-2025

    Case filed

    Registration No. 432/2025

casestatus.in Summary

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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