State Bank of India vs Sri Vetrivel Traders — 1949/2024

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: TNVR020051122024

e-Filing Number

05-12-2024

Filing Number

4720/2024

Filing Date

18-Dec-2024

Registration No

1949/2024

Registration Date

19-Dec-2024

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.State Bank of India

    Adv. Pethu Rajesh

Respondent(s)

  1. 1.Sri Vetrivel Traders

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. 06-Feb-2026

    Await Reports

    Chief Judicial Magistrate

  5. 23-Jan-2026

    Await Reports

    Chief Judicial Magistrate

  6. 03-Jan-2026

    Await Reports

    Chief Judicial Magistrate

  7. 30-Dec-2025

    Await Reports

    Chief Judicial Magistrate

  8. 09-Dec-2025

    Await Reports

    Chief Judicial Magistrate

  9. 25-Nov-2025

    Await Reports

    Chief Judicial Magistrate

  10. 11-Nov-2025

    Await Reports

    Chief Judicial Magistrate

  11. 28-Oct-2025

    Await Reports

    Chief Judicial Magistrate

  12. 07-Oct-2025

    Await Reports

    Chief Judicial Magistrate

  13. 16-Sep-2025

    Await Reports

    Chief Judicial Magistrate

  14. 02-Sep-2025

    Await Reports

    Chief Judicial Magistrate

  15. 19-Aug-2025

    Await Reports

    Chief Judicial Magistrate

  16. 05-Aug-2025

    Await Reports

    Chief Judicial Magistrate

  17. 22-Jul-2025

    Await Reports

    Chief Judicial Magistrate

  18. 08-Jul-2025

    Await Reports

    Chief Judicial Magistrate

  19. 24-Jun-2025

    Await Reports

    Chief Judicial Magistrate

  20. 10-Jun-2025

    Await Reports

    Chief Judicial Magistrate

  21. 27-May-2025

    Await Reports

    Chief Judicial Magistrate

  22. 13-May-2025

    For Attachment/ Arrest /Garnishee Proceedings / Deposit / Payment / Claim

    Chief Judicial Magistrate

  23. 25-Apr-2025

    For Attachment/ Arrest /Garnishee Proceedings / Deposit / Payment / Claim

    Chief Judicial Magistrate

  24. 28-Mar-2025

    For Attachment/ Arrest /Garnishee Proceedings / Deposit / Payment / Claim

    Chief Judicial Magistrate

  25. 14-Mar-2025

    For Attachment/ Arrest /Garnishee Proceedings / Deposit / Payment / Claim

    Chief Judicial Magistrate

  26. 03-Mar-2025

    Copy of Judgment/OrderView PDF

    PETITION ALLOWED The Chief Judicial Magistrate court at Srivilliputhur allowed State Bank of India's petition under the SARFAESI Act seeking court assistance to take physical possession of four mortgaged properties. The court found that the borrower and guarantors defaulted on a Rs.4.98 crore loan facility (outstanding dues Rs.3.87 crore as of May 2024), and that the bank had properly complied with all statutory procedures including demand notice and possession notice. An Advocate Commissioner was appointed to take inventory, secure physical possession of the properties, and hand them over to the bank. This case analysis is maintained by casestatus.in based on publicly available court records.

  27. 03-Mar-2025

    For Attachment/ Arrest /Garnishee Proceedings / Deposit / Payment / Claim

    Chief Judicial Magistrate

  28. 17-Feb-2025

    Orders

    Chief Judicial Magistrate

  29. 03-Feb-2025

    Appearance

    Chief Judicial Magistrate

  30. 20-Jan-2025

    Orders

    Chief Judicial Magistrate

  31. 19-Dec-2024

    First hearing

    Initial hearing scheduled

  32. 18-Dec-2024

    Case filed

    Registration No. 1949/2024

casestatus.in Summary

PETITION ALLOWED The Chief Judicial Magistrate court at Srivilliputhur allowed State Bank of India's petition under the SARFAESI Act seeking court assistance to take physical possession of four mortgaged properties. The court found that the borrower and guarantors defaulted on a Rs.4.98 crore loan facility (outstanding dues Rs.3.87 crore as of May 2024), and that the bank had properly complied with all statutory procedures including demand notice and possession notice. An Advocate Commissioner was appointed to take inventory, secure physical possession of the properties, and hand them over to the bank. This case analysis is maintained by casestatus.in based on publicly available court records.

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