The Karur Vysya Bank Ltd Rep by its authorized officer S Dhandapani Chief Manager vs Vela Ramana Modern Rice Mill — 1882/2025

Case under Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section 14(1)and(2). Disposed: Uncontested--CLOSED on 23rd March 2026.

Case disposed

CRLMP - Criminal Miscellaneous Petition

CNR: TNED040038452025

e-Filing Number

05-06-2025

Filing Number

3834/2025

Filing Date

02-Jul-2025

Registration No

1882/2025

Registration Date

02-Jul-2025

Court

Chief Judicial Magistrate Court, Erode

Judge

10-Chief Judicial Magistrate

Decision Date

23-Mar-2026

Nature of Disposal

Uncontested--CLOSED

Last updated 27-Apr-2026

Acts & Sections

Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section 14(1)and(2)

Petitioner(s)

  1. 1.The Karur Vysya Bank Ltd Rep by its authorized officer S Dhandapani Chief Manager

    Adv. Raveendran K

Respondent(s)

  1. 1.Vela Ramana Modern Rice Mill

Case History

  1. Case disposedDisposed

  2. 23-Mar-2026

    Disposed

    Chief Judicial Magistrate

  3. 10-Mar-2026

    Await Reports

    Chief Judicial Magistrate

  4. 18-Feb-2026

    Await Reports

    Chief Judicial Magistrate

  5. 10-Feb-2026

    Await Reports

    Chief Judicial Magistrate

  6. 19-Jan-2026

    Await Reports

    Chief Judicial Magistrate

  7. 05-Dec-2025

    Copy of JudgmentView PDF

    Summary The Chief Judicial Magistrate, Erode allowed Karur Vysya Bank's petition under Section 14 of the SARFAESI Act to take physical possession of mortgaged properties worth Rs. 70 lakhs after respondents defaulted on loan repayment totaling Rs. 1,42,35,951. The court appointed an Advocate Commissioner to prepare an inventory and take possession of the secured assets with police assistance if needed, finding all statutory procedures complied with. This case analysis is maintained by casestatus.in based on publicly available court records.

  8. 05-Dec-2025

    Await Reports

    Chief Judicial Magistrate

  9. 01-Dec-2025

    Orders

    Chief Judicial Magistrate

  10. 25-Nov-2025

    Await Records

    Chief Judicial Magistrate

  11. 20-Nov-2025

    Await Reports

    Chief Judicial Magistrate

  12. 12-Nov-2025

    Await Reports

    Chief Judicial Magistrate

  13. 05-Nov-2025

    Await Reports

    Chief Judicial Magistrate

  14. 24-Oct-2025

    Await Reports

    Chief Judicial Magistrate

  15. 14-Oct-2025

    Await Reports

    Chief Judicial Magistrate

  16. 30-Sep-2025

    Await Reports

    Chief Judicial Magistrate

  17. 19-Sep-2025

    Await Reports

    Chief Judicial Magistrate

  18. 09-Sep-2025

    Await Reports

    Chief Judicial Magistrate

  19. 03-Sep-2025

    Await Reports

    Chief Judicial Magistrate

  20. 28-Aug-2025

    Await Records

    Chief Judicial Magistrate

  21. 12-Aug-2025

    Await Records

    Chief Judicial Magistrate

  22. 06-Aug-2025

    Await Records

    Chief Judicial Magistrate

  23. 17-Jul-2025

    Await Records

    Chief Judicial Magistrate

  24. 14-Jul-2025

    Await Records

    Chief Judicial Magistrate

  25. 02-Jul-2025

    First hearing

    Initial hearing scheduled

  26. 02-Jul-2025

    Case filed

    Registration No. 1882/2025

casestatus.in Summary

Summary The Chief Judicial Magistrate, Erode allowed Karur Vysya Bank's petition under Section 14 of the SARFAESI Act to take physical possession of mortgaged properties worth Rs. 70 lakhs after respondents defaulted on loan repayment totaling Rs. 1,42,35,951. The court appointed an Advocate Commissioner to prepare an inventory and take possession of the secured assets with police assistance if needed, finding all statutory procedures complied with. This case analysis is maintained by casestatus.in based on publicly available court records.

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