Can Fin Homes Ltd vs Panaiyadian — 1246/2025

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

CRLMP - Criminal Miscellaneous Petition

CNR: TNVR020046542025

Await Reports

Next Hearing

27th March 2026

e-Filing Number

16-07-2025

Filing Number

4513/2025

Filing Date

12-08-2025

Registration No

1246/2025

Registration Date

10-09-2025

Court

Chief Judicial Magistrate Court, Srivilliputhur, Virudhunagar

Judge

2-Chief Judicial Magistrate

Acts & Sections

Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section 14

Petitioner(s)

Can Fin Homes Ltd

Adv. Arun Nehru M

Respondent(s)

Panaiyadian

Vellaiyammal

Hearing History

Judge: 2-Chief Judicial Magistrate

06-03-2026

Await Reports

20-02-2026

Await Reports

06-02-2026

Await Reports

23-01-2026

Await Reports

09-01-2026

Await Reports

Interim Orders

07-10-2025
Copy of Judgment/Order

Summary: The petition filed by Can Fin Homes Limited under Section 14 of the SARFAESI Act 2002 has been allowed. The court found that the respondents defaulted on housing and mortgage loans totaling Rs. 10,00,000/- (declared NPA on 29.01.2025), and despite receiving demand and possession notices, failed to surrender physical possession of the mortgaged property. An Advocate Commissioner has been appointed to take physical possession of the scheduled property in Aruppukottai and hand it over to the bank, with police assistance authorized to break open locks if necessary. This case analysis is maintained by casestatus.in based on publicly available court records.

casestatus.in Summary

Summary: The petition filed by Can Fin Homes Limited under Section 14 of the SARFAESI Act 2002 has been allowed. The court found that the respondents defaulted on housing and mortgage loans totaling Rs. 10,00,000/- (declared NPA on 29.01.2025), and despite receiving demand and possession notices, failed to surrender physical possession of the mortgaged property. An Advocate Commissioner has been appointed to take physical possession of the scheduled property in Aruppukottai and hand it over to the bank, with police assistance authorized to break open locks if necessary. This case analysis is maintained by casestatus.in based on publicly available court records.

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