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IN THE HIGH COURT OF KERALA AT ERNAKULAM
GOPINATH P., J
SAJITH KUMAR – Appellant
Versus
THE MAVELIKKARA PRIMARY CO-OPERATIVE AGRICULTURAL & RURAL DEVELOPMENT BANK – Respondent
| Table of Content |
|---|
| 1. petitioners' request for debt relief. (Para 1) |
| 2. arguments for installment repayment. (Para 2 , 3) |
| 3. court grants order for installments. (Para 4) |
| 4. conditions of repayment agreement. (Para 5) |
JUDGMENT
Petitioners availed credit facilities from the 1st respondent bank. On default being committed, proceedings were initiated against the petitioners under the provisions of the Kerala State Co-operative Agricultural and Rural Development Bank Act , 1984 leading to issuance to Exhibits P1 and P2 notices . This prompted the petitioners to approach this Court by filing the above writ petition.
2. Learned counsel appearing for the petitioners would submit that the petitioners are only seeking the liberty of repaying the entire amount in some instalments.
3. Learned counsel appearing for the respondent bank would submit that the property of the petitioners has already been auctioned and has been purchased by the bank. It is submitted that, notwithstanding the above, the bank has no objection in some reasonable instalments being permitted to the petitioners to clear the entire liability. It is submitted that the outstanding amount, as on 25.10.2025, is Rs.5,70,664/- (Rupees
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