EQUITAS SMALL FINANCE BANK ITS REP AUTHOURISED T SURENDHIRAN vs PERHAPERUMAL R — 154/2026

Case Summary: Equitas Small Finance Bank v. Pethaperumal Court Decision: The Chief Judicial Magistrate of Tiruvarur allowed Equitas Small Finance Bank's petition under Section 14 of the SARFAESI Act, 2002, and appointed an Advocate Commissioner to take physical possession of the respondents' mortgaged property. The court found that the respondents defaulted on a home equity loan of Rs. 3,10,000 with outstanding dues of Rs. 3,77,879 as of January 2026, and the bank had complied with statutory notice requirements under Sections 13(2) and 13(4) of the SARFAESI Act. The Advocate Commissioner was authorized to take possession with police assistance within 60 days, with a fee of Rs. 30,000 payable by the bank. This case analysis is maintained by casestatus.in based on publicly available court records.