EQUITAS SMALL FINANCE BANK LTD REP BY ITS LEGAL MANAGER vs MANIKANDAN Advocate - Sarfaesi — 1103/2025

Summary The Chief Judicial Magistrate Court at Kumbakonam granted Equitas Small Finance Bank's petition under Section 14 of the SARFAESI Act 2002, allowing the bank to take possession of a mortgaged property from borrowers who defaulted on a Rs. 9.1 lakh housing loan. The court appointed an Advocate-Commissioner to inspect the property, take physical possession with inventories, and hand it over to the bank, with authority to break open structures if needed. The bank was directed to deposit Rs. 20,000 as the commissioner's remuneration with the court. This case analysis is maintained by casestatus.in based on publicly available court records.