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HIGH COURT OF KERALA
N. NAGARESH, J
SWARNAMMAL M. – Appellant
Versus
THE AUTHORISED OFFICER, STATE BANK OF INDIA – Respondent
| Table of Content |
|---|
| 1. petitioner's financial difficulties lead to loan default. (Para 2 , 3 , 4) |
| 2. bank's stance on loan repayment and coercive measures. (Para 5 , 6) |
| 3. court's consideration of repayment terms. (Para 7 , 8) |
| 4. court permits repayment in installments with conditions. (Para 9 , 10) |
J U D G M E N T
Dated this the 24th day of January, 2025 The petitioner has approached this Court aggrieved by the coercive proceedings for recovery of financial advance made by the respondent-Bank to the petitioner, invoking the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act , 2002. 2. The Bank paid ₹21.5 lakhs to the petitioner as Property Loan in the year 2023. The petitioner states that though the petitioner made remittances promptly during the initial repayment period of the financial advance, she could not pay the instalments promptly later. The repayment of loan fell into arrears. It happened due to reasons beyond the control of the petitioner.
3. Though the petitioner requested the Bank to permit the petitioner to repay the overdue amounts in easy monthly instalments, the Bank authorities were not yielding. The authorities
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