Karur Vysya Bank Ltd. vs PONLAKSHMI — 21/2026

Case under Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section SECTION 14. Status: Await Reports. Next hearing: 27th March 2026.

Await Reports Next hearing 27-Mar-2026 this date has passed

CRLMP - Criminal Miscellaneous Petition

CNR: TNVR020000732026

e-Filing Number

24-12-2025

Filing Number

72/2026

Filing Date

06-Jan-2026

Registration No

21/2026

Registration Date

07-Jan-2026

Court

Chief Judicial Magistrate Court, Srivilliputhur, Virudhunagar

Judge

2-Chief Judicial Magistrate

Last updated 19-Mar-2026

Acts & Sections

Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section SECTION 14

Petitioner(s)

  1. 1.Karur Vysya Bank Ltd.

    Adv. Sukumar Veluchamy

Respondent(s)

  1. 1.PONLAKSHMI

  2. 2.Jaganath Seetharaman

  3. 3.Kaliswari

Case History

  1. 27-Mar-2026

    Next hearingPending

  2. 06-Mar-2026

    Await Reports

    Chief Judicial Magistrate

  3. 20-Feb-2026

    Await Reports

    Chief Judicial Magistrate

  4. 07-Feb-2026

    Await Reports

    Chief Judicial Magistrate

  5. 27-Jan-2026

    Copy of Judgment/OrderView PDF

    Summary: The petition filed by Karur Vysya Bank Limited under Section 14(1) of the SARFAESI Act 2002 for assistance in taking possession of a BMW X7 vehicle (Registration No. TN 84 Q 8034) has been allowed. The court appointed Mrs. K. Dharanilakshmi as Advocate Commissioner to take possession of the secured asset within one month, with remuneration of Rs. 20,000 (Rs. 10,000 to be paid directly and Rs. 10,000 to be deposited with the court). The vehicle was mortgaged against a vehicle loan of Rs. 1,35,81,000 that became a non-performing asset on 06.05.2025, with the borrowers failing to repay despite a demand notice. This case analysis is maintained by casestatus.in based on publicly available court records.

  6. 27-Jan-2026

    Await Reports

    Chief Judicial Magistrate

  7. 20-Jan-2026

    Copy of Deposition/EvidenceView PDF

  8. 20-Jan-2026

    Orders

    Chief Judicial Magistrate

  9. 07-Jan-2026

    First hearing

    Initial hearing scheduled

  10. 06-Jan-2026

    Case filed

    Registration No. 21/2026

casestatus.in Summary

Summary: The petition filed by Karur Vysya Bank Limited under Section 14(1) of the SARFAESI Act 2002 for assistance in taking possession of a BMW X7 vehicle (Registration No. TN 84 Q 8034) has been allowed. The court appointed Mrs. K. Dharanilakshmi as Advocate Commissioner to take possession of the secured asset within one month, with remuneration of Rs. 20,000 (Rs. 10,000 to be paid directly and Rs. 10,000 to be deposited with the court). The vehicle was mortgaged against a vehicle loan of Rs. 1,35,81,000 that became a non-performing asset on 06.05.2025, with the borrowers failing to repay despite a demand notice. This case analysis is maintained by casestatus.in based on publicly available court records.

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