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.
CRLMP - Criminal Miscellaneous Petition
CNR: TNED040038452025
e-Filing Number
05-06-2025
Filing Number
3834/2025
Filing Date
02-07-2025
Registration No
1882/2025
Registration Date
02-07-2025
Court
Chief Judicial Magistrate Court, Erode
Judge
10-Chief Judicial Magistrate
Decision Date
23rd March 2026
Nature of Disposal
Uncontested--CLOSED
Acts & Sections
Petitioner(s)
The Karur Vysya Bank Ltd Rep by its authorized officer S Dhandapani Chief Manager
Adv. Raveendran K
Respondent(s)
Vela Ramana Modern Rice Mill
Hearing History
Judge: 10-Chief Judicial Magistrate
Disposed
Await Reports
Await Reports
Await Reports
Await Reports
| Date | Purpose | Result |
|---|---|---|
| 23-03-2026 | Disposed | |
| 10-03-2026 | Await Reports | |
| 18-02-2026 | Await Reports | |
| 10-02-2026 | Await Reports | |
| 19-01-2026 | Await Reports |
Interim Orders
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.
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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