IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR.JUSTICE N.NAGARESH WEDNESDAY, THE 14^TH DAY OF FEBRUARY 2024 / 25TH MAGHA, 1945 WP(C) NO. 5830 OF 2024 PETITIONER:

RADHAKRISHNAN.N.

AGED 48 YEARS, S/O NARAYANAN, PANNIKULAMBU HOUSE,MANGALAM DAM, PALAKKAD, PIN – 678706.

BY ADVS.

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

THE KERALA STATE CO-OP BANK LTD MANGALAM DAM BR , PALAKKAD DT REP BY ITS AUTHORIZED OFFICER, REGIONAL OFFICE P.B.NO 21 HPO ROAD, SULTANPET PALAKKAD PIN – 678706.

BY ADV.SRI.M.SASINDRAN THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 14.02.2024, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

J U D G M E N T

Dated this the 14^th 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 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 ₹9 lakhs to the petitioner as Mortgage Loan in the year 2018. The petitioner states that though the petitioner made remittances promptly during the initial repayment period of the financial ad