Canara Bank vs Ms P S Traders — 23/2026
Case under Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section SARFAESIAct2002. Status: Await Reports. Next hearing: 02nd April 2026.
CRLMP - Criminal Miscellaneous Petition
CNR: TNPB020048632025
Next Hearing
02nd April 2026
e-Filing Number
29-10-2025
Filing Number
4581/2025
Filing Date
12-12-2025
Registration No
23/2026
Registration Date
07-01-2026
Court
Chief Judicial Magistrate Court, Perambalur
Judge
3-Chief Judicial Magistrate
Acts & Sections
Petitioner(s)
Canara Bank
Adv. Revathi R.R
Respondent(s)
Ms P S Traders
Hearing History
Judge: 3-Chief Judicial Magistrate
Await Reports
Arguments
Arguments
Arguments
Arguments
| Date | Purpose |
|---|---|
| 13-03-2026 | Await Reports |
| 06-03-2026 | Arguments |
| 27-02-2026 | Arguments |
| 13-02-2026 | Arguments |
| 06-02-2026 | Arguments |
Interim Orders
Summary: The petition filed by Canara Bank under Section 14 of the SARFAESI Act 2002 for appointment of an Advocate Commissioner to take physical possession of mortgaged property is allowed. The court found that the bank had complied with all mandatory requirements under the SARFAESI Act, including issuance of demand notice on 23.12.2024 and publication in newspapers on 28.03.2025, and respondents failed to repay an outstanding loan of Rs.61,41,470.85. Advocate K. Ramesh is appointed as Advocate Commissioner with remuneration of Rs.15,000 to assist the bank in taking physical possession and must file a detailed report within 3 weeks. This case analysis is maintained by casestatus.in based on publicly available court records.
Summary: The petition filed by Canara Bank under Section 14 of the SARFAESI Act 2002 for appointment of an Advocate Commissioner to take physical possession of mortgaged property is allowed. The court found that the bank had complied with all mandatory requirements under the SARFAESI Act, including issuance of demand notice on 23.12.2024 and publication in newspapers on 28.03.2025, and respondents failed to repay an outstanding loan of Rs.61,41,470.85. Advocate K. Ramesh is appointed as Advocate Commissioner with remuneration of Rs.15,000 to assist the bank in taking physical possession and must file a detailed report within 3 weeks. This case analysis is maintained by casestatus.in based on publicly available court records.
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