IDBI Bank Ltd vs Keerthy M Lal — 400437/2025

Case under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act Section 14. Disposed: Contested--DISPOSED on 18th March 2026.

Case disposed

MC - MISCELLANEOUS & MAINTENANCE CASE

CNR: KLAL050004772025

e-Filing Number

26-04-2025

Filing Number

476/2025

Filing Date

07-May-2025

Registration No

400437/2025

Registration Date

24-Jun-2025

Court

CJM Court Alappuzha

Judge

1-Chief Judicial Magistrate

Decision Date

18-Mar-2026

Nature of Disposal

Contested--DISPOSED

Last updated 21-Jun-2026

Acts & Sections

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act Section 14

Petitioner(s)

  1. 1.IDBI Bank Ltd

    Adv. RAMYA RAMACHANDRAN M

Respondent(s)

  1. 1.Keerthy M Lal

Case History

  1. Case disposedDisposed

  2. 18-Mar-2026

    OrderView PDF

    Case Summary: IDBI Bank Ltd v. Keerthy M. Lal (M.C. 437/2025) The Chief Judicial Magistrate, Alappuzha granted IDBI Bank's application under Section 14(1) of SARFAESI Act 2002 for possession of a Tata Altroz vehicle (Reg. KL-04-AS-8290) pledged as security against a loan. The respondent had defaulted on repayment and failed to respond to statutory notice under Section 13(2), entitling the bank to possession of the secured asset. However, the case was ultimately closed on March 18, 2026, after the appointed advocate commissioner reported inability to locate and trace the vehicle despite efforts since June 2025. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 18-Mar-2026

    Disposed

    Chief Judicial Magistrate

  4. 20-Jan-2026

    Call on

    Chief Judicial Magistrate

  5. 21-Nov-2025

    Call on

    Chief Judicial Magistrate

  6. 12-Sep-2025

    For commission report

    Chief Judicial Magistrate

  7. 01-Jul-2025

    First hearing

    Initial hearing scheduled

  8. 07-May-2025

    Case filed

    Registration No. 400437/2025

casestatus.in Summary

Case Summary: IDBI Bank Ltd v. Keerthy M. Lal (M.C. 437/2025) The Chief Judicial Magistrate, Alappuzha granted IDBI Bank's application under Section 14(1) of SARFAESI Act 2002 for possession of a Tata Altroz vehicle (Reg. KL-04-AS-8290) pledged as security against a loan. The respondent had defaulted on repayment and failed to respond to statutory notice under Section 13(2), entitling the bank to possession of the secured asset. However, the case was ultimately closed on March 18, 2026, after the appointed advocate commissioner reported inability to locate and trace the vehicle despite efforts since June 2025. This case analysis is maintained by casestatus.in based on publicly available court records.

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