Karur Vysya Bank Ltd. vs PONLAKSHMI — 21/2026
Case under Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section SECTION 14. Status: Await Reports. Next hearing: 27th March 2026.
CRLMP - Criminal Miscellaneous Petition
CNR: TNVR020000732026
Next Hearing
27th March 2026
e-Filing Number
24-12-2025
Filing Number
72/2026
Filing Date
06-01-2026
Registration No
21/2026
Registration Date
07-01-2026
Court
Chief Judicial Magistrate Court, Srivilliputhur, Virudhunagar
Judge
2-Chief Judicial Magistrate
Acts & Sections
Petitioner(s)
Karur Vysya Bank Ltd.
Adv. Sukumar Veluchamy
Respondent(s)
PONLAKSHMI
Jaganath Seetharaman
Kaliswari
Hearing History
Judge: 2-Chief Judicial Magistrate
Await Reports
Await Reports
Await Reports
Await Reports
Orders
| Date | Purpose |
|---|---|
| 06-03-2026 | Await Reports |
| 20-02-2026 | Await Reports |
| 07-02-2026 | Await Reports |
| 27-01-2026 | Await Reports |
| 20-01-2026 | Orders |
Interim Orders
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.
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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