EQUITAS SMALL FINANCE BANK ITS REP AUTHOURISED T SURENDHIRAN vs KUPPUSAMY R — 152/2026

Case under Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section 14. Disposed: Contested--CLOSED on 13th March 2026.

Case disposed

CRLMP - Criminal Miscellaneous Petition

CNR: TNTV020006062026

e-Filing Number

07-02-2026

Filing Number

584/2026

Filing Date

09-Feb-2026

Registration No

152/2026

Registration Date

24-Feb-2026

Court

Chief Judicial Magistrate Court, Tiruvarur

Judge

2-Chief Judicial Magistrate

Decision Date

13-Mar-2026

Nature of Disposal

Contested--CLOSED

Last updated 02-Jun-2026

Acts & Sections

Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section 14

Petitioner(s)

  1. 1.EQUITAS SMALL FINANCE BANK ITS REP AUTHOURISED T SURENDHIRAN

    Adv. SATHIYARAJ M

Respondent(s)

  1. 1.KUPPUSAMY R

Case History

  1. Case disposedDisposed

  2. 13-Mar-2026

    Copy of OrderView PDF

    CASE SUMMARY: Cr.M.P. No. 152/2026 The Chief Judicial Magistrate of Tiruvarur allowed Equitas Small Finance Bank's petition under Section 14 of the SARFAESI Act 2002 to take possession of mortgaged property. The respondents had defaulted on a home equity loan of Rs. 2,50,000, accumulating an outstanding amount of Rs. 2,28,834 as of January 21, 2026, despite demand and possession notices issued in October 2024 and February 2025. Finding the bank had complied with statutory requirements under Sections 13(2) and 13(4) of the SARFAESI Act, the court appointed an Advocate Commissioner to take physical possession of the mortgaged property (1962 sq.ft. at Moovarkottai) with police assistance, fixing a commissioner fee of Rs. 30,000 payable by the bank. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 13-Mar-2026

    Disposed

    Chief Judicial Magistrate

  4. 06-Mar-2026

    Orders

    Chief Judicial Magistrate

  5. 24-Feb-2026

    First hearing

    Initial hearing scheduled

  6. 09-Feb-2026

    Case filed

    Registration No. 152/2026

casestatus.in Summary

CASE SUMMARY: Cr.M.P. No. 152/2026 The Chief Judicial Magistrate of Tiruvarur allowed Equitas Small Finance Bank's petition under Section 14 of the SARFAESI Act 2002 to take possession of mortgaged property. The respondents had defaulted on a home equity loan of Rs. 2,50,000, accumulating an outstanding amount of Rs. 2,28,834 as of January 21, 2026, despite demand and possession notices issued in October 2024 and February 2025. Finding the bank had complied with statutory requirements under Sections 13(2) and 13(4) of the SARFAESI Act, the court appointed an Advocate Commissioner to take physical possession of the mortgaged property (1962 sq.ft. at Moovarkottai) with police assistance, fixing a commissioner fee of Rs. 30,000 payable by the bank. This case analysis is maintained by casestatus.in based on publicly available court records.

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