IN THE HIGH COURT OF KERALA AT ERNAKULAM
GOPINATH P., J
THULASIDAS – Appellant
Versus
THE SALE OFFICER/ ARBITRATION AND EXECUTION INSPECTOR OFFICE OF THE ASSISTANT REGISTRAR (GENERAL) OF CO-OPERATIVE SOCIETIES – Respondent
| Table of Content |
|---|
| 1. credit facilities and debt relief mechanisms. (Para 1 , 2 , 3) |
| 2. court permits temporary relief from recovery actions. (Para 4) |
J U D G M E N T
The petitioner availed credit facilities from the respondent bank. On default being committed recovery proceedings were initiated against the petitioner. The petitioner approached the Agriculturists Debt Relief Commission seeking debt relief in respect of the loans availed by the petitioner from the 2nd respondent bank.
2. When this matter is taken up for consideration today, it is the submission of the learned counsel for the respondent bank that though actual amount due from the petitioner is Rs.12,56,375/- by order of the Debt Relief Commission, the petitioner is required to pay a sum of Rs.7,10,000/-, provided the amount is paid on or before 15-03-2026. The learned counsel for the petitioner submits that the petitioner will pay that amount before 15-02- 2026 and further recovery proceedings may therefore be kept in abeyance till that date.
3. The learned counsel for the respondent bank submits that the Debt Relief Commission directed that an amount of Rs.2,00,000/- has to be paid to the bank by the Government and the bank
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