Equitas Small Finance Bank Limited vs P kilimuthu — 1471/2025

Case Summary Petition ALLOWED. The Chief Judicial Magistrate granted Equitas Small Finance Bank's petition under Section 14 of the SARFAESI Act 2002 to take physical possession of the mortgaged property. The borrowers defaulted on a Rs. 3,50,000 business loan, and the bank complied with all statutory requirements including demand notice and possession notice. An Advocate Commissioner has been appointed to inspect the property, take inventory, and hand over possession to the bank, with police and administrative assistance authorized if needed. This case analysis is maintained by casestatus.in based on publicly available court records.