State Bank of India vs Sri Chitra Traders — 1948/2024

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

CRLMP - Criminal Miscellaneous Petition

CNR: TNVR020051132024

Await Reports

Next Hearing

27th March 2026

e-Filing Number

03-12-2024

Filing Number

4721/2024

Filing Date

18-12-2024

Registration No

1948/2024

Registration Date

19-12-2024

Court

Chief Judicial Magistrate Court, Srivilliputhur, Virudhunagar

Judge

2-Chief Judicial Magistrate

Acts & Sections

Securitisationandreconstructionoffinancialassets&enforcementofsecurityinterestact Section Section 14

Petitioner(s)

State Bank of India

Adv. Pethu Rajesh

Respondent(s)

Sri Chitra Traders

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

03-01-2026

Await Reports

Interim Orders

03-03-2025
Copy of Judgment/Order

PETITION ALLOWED State Bank of India's petition under the SARFAESI Act 2002 for assistance in taking physical possession of mortgaged properties has been allowed. The court appointed an Advocate Commissioner to take possession of four properties (located in Kottaipatti, Virudhunagar Town, and Allampatti Village) after proper inventory, following the respondents' default on a Rs. 3.65 crore loan and their failure to surrender possession despite legal notice. Police assistance has been directed to execute the warrant, with commissioner fees set at Rs. 25,000. This case analysis is maintained by casestatus.in based on publicly available court records.

casestatus.in Summary

PETITION ALLOWED State Bank of India's petition under the SARFAESI Act 2002 for assistance in taking physical possession of mortgaged properties has been allowed. The court appointed an Advocate Commissioner to take possession of four properties (located in Kottaipatti, Virudhunagar Town, and Allampatti Village) after proper inventory, following the respondents' default on a Rs. 3.65 crore loan and their failure to surrender possession despite legal notice. Police assistance has been directed to execute the warrant, with commissioner fees set at Rs. 25,000. This case analysis is maintained by casestatus.in based on publicly available court records.

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