Equitas Small Finance Bank Ltd rep by Boopalan vs Mageshwari — 181/2025

Court Order Summary Petition Allowed. The Chief Judicial Magistrate, Ranipet appointed Advocate Commissioner Mr. K. Karthick to take possession of the mortgaged property from the respondents (borrowers) on behalf of Equitas Small Finance Bank Limited. The respondents defaulted on a loan of Rs. 8,80,000 and failed to comply with statutory demand and possession notices issued under the SARFAESI Act, 2002. The Advocate Commissioner is authorized to break open locks if necessary, prepare inventory, and hand over the secured asset to the bank with police assistance. A remuneration of Rs. 20,000 was fixed for the Advocate Commissioner, with a report due by 24.11.2025. This case analysis is maintained by casestatus.in based on publicly available court records.