JUDGMENT

The petitioner is stated to have availed a business loan for a sum of Rs. 2,00,000/- from the fourth respondent Bank. The petitioner states that he suffered substantial losses in his business operations, which impaired his finances and could not pay the loan installments on time. It is stated that when the default was committed, revenue recovery proceedings were initiated under the Kerala Revenue Recovery Act, 1968 to realize the amount by attaching the mortgaged property of the petitioner. This has led the petitioner to approach this Court seeking directions to respondents to grant the petitioner breathing time to pay the amount in easy installments.

2. The learned counsel appearing for the petitioner submits that the petitioner shall remit a sum of Rs. 50,000/- within a period of one month and the balance in eight installments.

3. The learned Standing Counsel appearing for the Bank submits that the loan was availed in the year 2020, and the total outstanding as of this date is Rs. 1,62,869/-. The learned counsel submits that the respondent bank is not averse to granting an opportunity to the petitioner to clear the amount due in installments. However, he submits that not mo