ICICI Bank Ltd vs SHADAB SHAIKH — 760/2025

Case under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act Section 14. Disposed: Uncontested--ALLOWED / GRANTED AFTER FULL HEARING on 07th March 2026.

Case disposed

Cri.M.A. - Criminal Misc. Application

CNR: MHSN030056432025

e-Filing Number

01-12-2025

Filing Number

5643/2025

Filing Date

01-Dec-2025

Registration No

760/2025

Registration Date

16-Dec-2025

Court

Chief Judicial Magistrate, Sangli

Judge

1-Chief Judicial Magistrate Sangli

Decision Date

07-Mar-2026

Nature of Disposal

Uncontested--ALLOWED / GRANTED AFTER FULL HEARING

Last updated 05-Apr-2026

Acts & Sections

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

Petitioner(s)

  1. 1.ICICI Bank Ltd

    Adv. PIMPALE GAJANAN WASUDEORAO

Respondent(s)

  1. 1.SHADAB SHAIKH

  2. 2.AAYESHA MAHAMADSHADAB SHAIKH

Case History

  1. Case disposedDisposed

  2. 07-Mar-2026

    Order on ExhibitView PDF

    Summary: The Sangli Chief Judicial Magistrate allowed ICICI Bank's application under Section 14 of the SARFAESI Act to take possession of a residential flat in Maharashtra after the borrowers defaulted on a Rs. 21.30 lakh home loan. The court appointed an advocate as commissioner to take possession of the property and hand it over to the bank, finding all statutory requirements satisfied and no barriers to granting the bank's relief. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 07-Mar-2026

    Disposed

    Chief Judicial Magistrate Sangli

  4. 04-Mar-2026

    Argument on Exh.____Unready

    Chief Judicial Magistrate Sangli

  5. 23-Feb-2026

    Argument on Exh.____Unready

    Chief Judicial Magistrate Sangli

  6. 06-Feb-2026

    Compliance

    Chief Judicial Magistrate Sangli

  7. 02-Feb-2026

    Compliance

    Chief Judicial Magistrate Sangli

  8. 20-Jan-2026

    Compliance

    Chief Judicial Magistrate Sangli

  9. 06-Jan-2026

    Compliance

    Chief Judicial Magistrate Sangli

  10. 24-Dec-2025

    First hearing

    Initial hearing scheduled

  11. 01-Dec-2025

    Case filed

    Registration No. 760/2025

casestatus.in Summary

Summary: The Sangli Chief Judicial Magistrate allowed ICICI Bank's application under Section 14 of the SARFAESI Act to take possession of a residential flat in Maharashtra after the borrowers defaulted on a Rs. 21.30 lakh home loan. The court appointed an advocate as commissioner to take possession of the property and hand it over to the bank, finding all statutory requirements satisfied and no barriers to granting the bank's relief. This case analysis is maintained by casestatus.in based on publicly available court records.

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