Axis Bank Limited vs Selvi Boilers — 373/2025
Case under Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section 14. Disposed: Uncontested--CLOSED on 06th March 2026.
CRLMP - Criminal Miscellaneous Petition
CNR: TNVR020014852025
e-Filing Number
17-04-2025
Filing Number
1413/2025
Filing Date
25-04-2025
Registration No
373/2025
Registration Date
28-04-2025
Court
Chief Judicial Magistrate Court, Srivilliputhur, Virudhunagar
Judge
2-Chief Judicial Magistrate
Decision Date
06th March 2026
Nature of Disposal
Uncontested--CLOSED
Acts & Sections
Petitioner(s)
Axis Bank Limited
Adv. P VEERAMALAI
Respondent(s)
Selvi Boilers
Hearing History
Judge: 2-Chief Judicial Magistrate
Disposed
Await Reports
Await Reports
Await Reports
Await Reports
| Date | Purpose |
|---|---|
| 06-03-2026 | Disposed |
| 20-02-2026 | Await Reports |
| 06-02-2026 | Await Reports |
| 23-01-2026 | Await Reports |
| 09-01-2026 | Await Reports |
Interim Orders
Summary The Chief Judicial Magistrate Court allowed AXIS Bank's petition under Section 14 of the SARFAESI Act 2002 to take physical possession of mortgaged property in Virudhunagar. The borrowers defaulted on a Rs 35 lakh overdraft loan declared NPA in April 2024, and despite receiving demand and possession notices, failed to surrender the property. An Advocate Commissioner was appointed to take inventory and hand over possession to the bank after breaking locks if necessary. This case analysis is maintained by casestatus.in based on publicly available court records.
Summary The Chief Judicial Magistrate Court allowed AXIS Bank's petition under Section 14 of the SARFAESI Act 2002 to take physical possession of mortgaged property in Virudhunagar. The borrowers defaulted on a Rs 35 lakh overdraft loan declared NPA in April 2024, and despite receiving demand and possession notices, failed to surrender the property. An Advocate Commissioner was appointed to take inventory and hand over possession to the bank after breaking locks if necessary. This case analysis is maintained by casestatus.in based on publicly available court records.
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