M/s Equitas small finance bank limited Mr.Vijay Mahendran vs guna — 302/2026

Case under Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section 14(1). Disposed: Contested--CLOSED on 26th May 2026.

Case disposed

CRLMP - Criminal Miscellaneous Petition

CNR: TNTV020013732026

e-Filing Number

17-04-2026

Filing Number

1323/2026

Filing Date

22-Apr-2026

Registration No

302/2026

Registration Date

28-Apr-2026

Court

Chief Judicial Magistrate Court, Tiruvarur

Judge

2-Chief Judicial Magistrate

Decision Date

26-May-2026

Nature of Disposal

Contested--CLOSED

Last updated 16-Jul-2026

Acts & Sections

Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section 14(1)

Petitioner(s)

  1. 1.M/s Equitas small finance bank limited Mr.Vijay Mahendran

    Adv. PRAKASH K

Respondent(s)

  1. 1.guna

Case History

  1. Case disposedDisposed

  2. 26-May-2026

    Copy of OrderView PDF

    Case Summary: Cr.M.P. No.302/2026 The Chief Judicial Magistrate of Tiruvarur allowed Equitas Small Finance Bank's petition under Section 14 of the SARFAESI Act, 2002, to take physical possession of a mortgaged property after respondents P. Guna and Krishnakumari defaulted on a property loan of Rs.4,89,725. The court found the bank had complied with statutory requirements under Sections 13(2) and 13(4) of SARFAESI by issuing demand and possession notices. An Advocate Commissioner was appointed to take physical possession of the 2,610 sqft property (T.S. No. 596, Mannargudi) with police assistance, authorized to use force if obstructed, within 60 days. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 26-May-2026

    Disposed

    Chief Judicial Magistrate

  4. 15-May-2026

    Orders

    Chief Judicial Magistrate

  5. 28-Apr-2026

    First hearing

    Initial hearing scheduled

  6. 22-Apr-2026

    Case filed

    Registration No. 302/2026

casestatus.in Summary

Case Summary: Cr.M.P. No.302/2026 The Chief Judicial Magistrate of Tiruvarur allowed Equitas Small Finance Bank's petition under Section 14 of the SARFAESI Act, 2002, to take physical possession of a mortgaged property after respondents P. Guna and Krishnakumari defaulted on a property loan of Rs.4,89,725. The court found the bank had complied with statutory requirements under Sections 13(2) and 13(4) of SARFAESI by issuing demand and possession notices. An Advocate Commissioner was appointed to take physical possession of the 2,610 sqft property (T.S. No. 596, Mannargudi) with police assistance, authorized to use force if obstructed, within 60 days. This case analysis is maintained by casestatus.in based on publicly available court records.

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