Karur Vysya Bank Limited vs Sai Ram Traders — 2005/2025

SUMMARY: The Chief Judicial Magistrate Court, Erode allowed Karur Vysya Bank's petition under Section 14 of the SARFAESI Act 2002 for assistance in taking possession of mortgaged property. The bank had extended a Rs. 60 lakh loan to Sai Ram Traders and guarantors, who defaulted; with Rs. 25,34,121 outstanding as of February 2025. The court appointed an Advocate Commissioner (Mr. P. Kannan) to inspect the property, prepare inventory, and take physical possession with police assistance if needed, with a report due by 13.10.2025. This case analysis is maintained by casestatus.in based on publicly available court records.