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

Case under Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section 14. Status: Stay. Next hearing: 18th May 2026.

Stay Next hearing 18-May-2026 this date has passed

CRLMP - Criminal Miscellaneous Petition

CNR: TNED040039162025

e-Filing Number

26-05-2025

Filing Number

3905/2025

Filing Date

26-May-2025

Registration No

2005/2025

Registration Date

16-Jul-2025

Court

Chief Judicial Magistrate Court, Erode

Judge

10-Chief Judicial Magistrate

Last updated 27-Apr-2026

Acts & Sections

Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section 14

Petitioner(s)

  1. 1.Karur Vysya Bank Limited

    Adv. MUTHU V

Respondent(s)

  1. 1.Sai Ram Traders

  2. 2.Arul L S

  3. 3.Suvitha S

  4. 4.Rajeswari

Case History

  1. 18-May-2026

    Next hearingPending

  2. 30-Mar-2026

    Stay

    Chief Judicial Magistrate

  3. 10-Mar-2026

    Stay

    Chief Judicial Magistrate

  4. 22-Jan-2026

    Stay

    Chief Judicial Magistrate

  5. 12-Jan-2026

    Await Reports

    Chief Judicial Magistrate

  6. 29-Dec-2025

    Await Reports

    Chief Judicial Magistrate

  7. 12-Nov-2025

    Await Reports

    Chief Judicial Magistrate

  8. 05-Nov-2025

    Await Reports

    Chief Judicial Magistrate

  9. 13-Oct-2025

    Await Reports

    Chief Judicial Magistrate

  10. 01-Sep-2025

    Copy of JudgmentView PDF

    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.

  11. 01-Sep-2025

    Await Reports

    Chief Judicial Magistrate

  12. 29-Aug-2025

    Orders

    Chief Judicial Magistrate

  13. 26-Aug-2025

    Await Reports

    Chief Judicial Magistrate

  14. 18-Aug-2025

    Await Reports

    Chief Judicial Magistrate

  15. 16-Jul-2025

    First hearing

    Initial hearing scheduled

  16. 26-May-2025

    Case filed

    Registration No. 2005/2025

casestatus.in Summary

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.

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