MS EQUITAS SMALL FINANCE BANK LIMITED Represented by its Authorized Officer Vellore vs Shanmugam — 285/2025

Case under Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section 14. Status: Await Reports. Next hearing: 04th May 2026.

CRLMP - Criminal Miscellaneous Petition

CNR: TNRP020005402025

Await Reports

Next Hearing

04th May 2026

e-Filing Number

11-12-2025

Filing Number

540/2025

Filing Date

12-12-2025

Registration No

285/2025

Registration Date

12-12-2025

Court

Chief Judicial Magistrate Court, Ranipet

Judge

3-Chief Judicial Magistrate, Ranipet

Acts & Sections

SecuritisationandReconstructionofFinancialAssets&EnforcementofSecurityInterestAct Section 14

Petitioner(s)

MS EQUITAS SMALL FINANCE BANK LIMITED Represented by its Authorized Officer Vellore

Adv. Karthi S

Respondent(s)

Shanmugam

VIJI

Hearing History

Judge: 3-Chief Judicial Magistrate, Ranipet

15-04-2026

Await Reports

16-03-2026

Await Reports

09-03-2026

Await Reports

09-02-2026

Await Reports

28-01-2026

Orders

Interim Orders

09-02-2026
Copy of Judgment/Order

Summary The Chief Judicial Magistrate Court, Ranipet granted Equitas Small Finance Bank's petition under Section 14 of the SARFAESI Act, 2002 and appointed an Advocate Commissioner (Ms. K. Thamaraiselvi) to take physical possession of the mortgaged property from the borrower. The bank had issued a statutory demand notice on 27.05.2025 for an outstanding amount of Rs. 15,68,632 and a possession notice on 26.09.2025 after the borrower defaulted on a Rs. 17 lakh home loan; the court authorized the Advocate Commissioner to break open property if necessary and directed police assistance, with remuneration fixed at Rs. 25,000 and a report deadline of 09.03.2026. This case analysis is maintained by casestatus.in based on publicly available court records.

casestatus.in Summary

Summary The Chief Judicial Magistrate Court, Ranipet granted Equitas Small Finance Bank's petition under Section 14 of the SARFAESI Act, 2002 and appointed an Advocate Commissioner (Ms. K. Thamaraiselvi) to take physical possession of the mortgaged property from the borrower. The bank had issued a statutory demand notice on 27.05.2025 for an outstanding amount of Rs. 15,68,632 and a possession notice on 26.09.2025 after the borrower defaulted on a Rs. 17 lakh home loan; the court authorized the Advocate Commissioner to break open property if necessary and directed police assistance, with remuneration fixed at Rs. 25,000 and a report deadline of 09.03.2026. This case analysis is maintained by casestatus.in based on publicly available court records.

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