Authority: High Court of Judicature at Bombay, Circuit Bench at Kolhapur
Order Date: 02 November 2026
Case Overview
- Petitioner: AU Small Finance Bank, Ltd, represented by Ms. Bhargavi Patil and Mr. Swaroop Gaikwad.
- Respondents: Mahalaxmi Enterprises and others; State represented by APP Mr. Anand S. Shalgaonkar.
- The bank issued a demand notice under Section 13(2) of the SARFAESI Act on 8 May 2024, which was not complied with.
- Consequently, it filed a criminal miscellaneous application (No. 667 of 2024) under Section 14 of the SARFAESI Act on 10 January 2025 before the Chief Judicial Magistrate, Sangli.
- No order had been passed on the application; it was listed for hearing on 6 November 2026.
Final Outcome
- The Court directed the Chief Judicial Magistrate, Sangli, to pass the appropriate order on the listed date, 6 November 2026, complying with the statutory 30‑day (maximum 60‑day) period under Section 14.
- The writ petition was disposed in these terms.
Topics: SARFAESI Act, Banking Enforcement, Judicial Direction