Axis Bank Limited vs Selvi Boilers — 373/2025

Case under Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section 14. Disposed: Uncontested--CLOSED on 06th March 2026.

Case disposed

CRLMP - Criminal Miscellaneous Petition

CNR: TNVR020014852025

e-Filing Number

17-04-2025

Filing Number

1413/2025

Filing Date

25-Apr-2025

Registration No

373/2025

Registration Date

28-Apr-2025

Court

Chief Judicial Magistrate Court, Srivilliputhur, Virudhunagar

Judge

2-Chief Judicial Magistrate

Decision Date

06-Mar-2026

Nature of Disposal

Uncontested--CLOSED

Last updated 19-Mar-2026

Acts & Sections

Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section 14

Petitioner(s)

  1. 1.Axis Bank Limited

    Adv. P VEERAMALAI

Respondent(s)

  1. 1.Selvi Boilers

Case History

  1. Case disposedDisposed

  2. 06-Mar-2026

    Disposed

    Chief Judicial Magistrate

  3. 20-Feb-2026

    Await Reports

    Chief Judicial Magistrate

  4. 06-Feb-2026

    Await Reports

    Chief Judicial Magistrate

  5. 23-Jan-2026

    Await Reports

    Chief Judicial Magistrate

  6. 09-Jan-2026

    Await Reports

    Chief Judicial Magistrate

  7. 19-Dec-2025

    Await Reports

    Chief Judicial Magistrate

  8. 05-Dec-2025

    Await Reports

    Chief Judicial Magistrate

  9. 21-Nov-2025

    Await Reports

    Chief Judicial Magistrate

  10. 07-Nov-2025

    Await Reports

    Chief Judicial Magistrate

  11. 24-Oct-2025

    Await Reports

    Chief Judicial Magistrate

  12. 10-Oct-2025

    Await Reports

    Chief Judicial Magistrate

  13. 29-Sep-2025

    Copy of Judgment/OrderView PDF

    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.

  14. 29-Sep-2025

    Await Reports

    Chief Judicial Magistrate

  15. 08-Sep-2025

    Orders

    Chief Judicial Magistrate

  16. 25-Aug-2025

    Amendment

    Chief Judicial Magistrate

  17. 11-Aug-2025

    Amendment

    Chief Judicial Magistrate

  18. 04-Aug-2025

    Amendment

    Chief Judicial Magistrate

  19. 21-Jul-2025

    Amendment

    Chief Judicial Magistrate

  20. 07-Jul-2025

    Amendment

    Chief Judicial Magistrate

  21. 23-Jun-2025

    Amendment

    Chief Judicial Magistrate

  22. 09-Jun-2025

    For further Proceedings

    Chief Judicial Magistrate

  23. 26-May-2025

    Orders

    Chief Judicial Magistrate

  24. 12-May-2025

    Appearance

    Chief Judicial Magistrate

  25. 28-Apr-2025

    First hearing

    Initial hearing scheduled

  26. 25-Apr-2025

    Case filed

    Registration No. 373/2025

casestatus.in Summary

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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