State Bank Of India through Mahesh Choudhary vs Sulbha Dharmaraj Lubal — 1025/2024

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: MHRG030020692024

e-Filing Number

24-07-2024

Filing Number

2069/2024

Filing Date

05-Sep-2024

Registration No

1025/2024

Registration Date

05-Sep-2024

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 Mahesh Choudhary

    Adv. PRASHANT PUNDLIK SATVASE

Respondent(s)

  1. 1.Sulbha Dharmaraj Lubal

Case History

  1. Case disposedDisposed

  2. 16-Mar-2026

    Order on ExhibitView PDF

    Summary The Chief Judicial Magistrate granted State Bank of India's application under Section 14 of the SARFAESI Act to take physical possession of a mortgaged flat in Navi Mumbai valued at approximately ₹69,24,000. The respondent defaulted on her home loan obligation of ₹71,97,563 despite a 60-day notice issued under Section 13(2), and the court appointed a Court Commissioner to execute possession within one month, relying on Supreme Court precedent that Section 14 proceedings are ministerial in nature requiring only verification of procedural compliance. 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. 17-Feb-2026

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  7. 30-Jan-2026

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  8. 26-Dec-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  9. 28-Nov-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  10. 11-Nov-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  11. 29-Oct-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  12. 24-Sep-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  13. 29-Aug-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  14. 15-Jul-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  15. 05-Jun-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  16. 17-May-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  17. 22-Apr-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  18. 03-Apr-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  19. 12-Mar-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  20. 25-Feb-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  21. 04-Feb-2025

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  22. 30-Dec-2024

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  23. 03-Dec-2024

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  24. 06-Nov-2024

    Verification

    Chief Judicial Magistrate Raigad-Alibag

  25. 21-Oct-2024

    First hearing

    Initial hearing scheduled

  26. 05-Sep-2024

    Case filed

    Registration No. 1025/2024

casestatus.in Summary

Summary The Chief Judicial Magistrate granted State Bank of India's application under Section 14 of the SARFAESI Act to take physical possession of a mortgaged flat in Navi Mumbai valued at approximately ₹69,24,000. The respondent defaulted on her home loan obligation of ₹71,97,563 despite a 60-day notice issued under Section 13(2), and the court appointed a Court Commissioner to execute possession within one month, relying on Supreme Court precedent that Section 14 proceedings are ministerial in nature requiring only verification of procedural compliance. This case analysis is maintained by casestatus.in based on publicly available court records.

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