IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR.JUSTICE N.NAGARESH WEDNESDAY, THE 21ST DAY OF FEBRUARY 2024 / 2ND PHALGUNA, 1945 WP(C) NO. 6760 OF 2024 PETITIONER:

HARIDAS C. N AGED 58 YEARS S/O NARAYANAN , CHOONDAL HOUSE, VETTUKAD DESOM, COONDAL VILLAGE, KUNNAMKULAM TALUK, THRISSUR DT, PIN – 680014 BY ADVS.

M.R.REENA P.S.SUJETH RESPONDENT:

THE KERALA STATE CO-OPERATIVE BANK LTD KUNNAMKULAM BR, THRISSUR DISTRICT REP BY ITS AUTHORIZED OFFICER, SAHAKARANA SAPTHATHI MANDIRAM KOVILAKATHUMPADAM THRISSUR, PIN – 680022 SRI.P.C. SASIDHARAN, STANDING COUNSEL THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON

21.02.2024, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

JUDGMENT Dated this the 21st day of February, 2024 The petitioner has approached this Court aggrieved by the coercive proceedings for recovery of financial advance made by the Kerala State Co-operative Bank Limited to the petitioner, invoking the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

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2. The Bank paid 5 lakhs to the petitioner as Simple Loan in the year 2014. The petitioner states that though the petitioner made remittances