Authority: High Court of Judicature at Madras
Order Date: 17 June 2026
Case Overview
- Petitioner: M/s. Ugro Capital Limited, represented by authorized signatory R. Arun, seeking a writ of mandamus to compel the Chief Judicial Magistrate, Ranipet to number and dispose of its application filed under Section 14 of the SARFAESI Act on 18‑02‑2026 without insisting on a registered Memorandum of Deposit of Title Deeds.
- Respondents: 1) Chief Judicial Magistrate, Ranipet; 2) M/s. NAGA Engineering works (borrower); 3) P. Radha (co‑borrower); 4) N. Pandurangan (co‑borrower).
- The petitioner alleges that the magistrate returned the application on 18‑02‑2026 without numbering it, contrary to procedural requirements.
- The Court referred to its earlier order in WP No.16489 of 2026 (Vijayanand Srinivasan vs. Punjab National Bank), which sets detailed procedural directions for handling Section 14 applications under the SARFAESI Act, including registration, verification of jurisdiction, service of notice, affidavit compliance, and a 30‑day time‑limit for decision (extendable to 60 days in exceptional cases).
Final Outcome
- The Court grants liberty to the petitioner to re‑present the Section 14 application to the magistrate.
- The magistrate is directed to process the re‑presented application in accordance with the directions issued in the June 5 2026 judgment, i.e., register the application, verify jurisdiction and notice, ensure the affidavit is in order, and pass a suitable order within the prescribed time‑frame.
- No order as to costs was made; the writ petition stands disposed.
Topics: SARFAESI Act, Judicial Mandamus, Secured Creditors