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IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
M/S. G.K. GRANITES, REPRESENTED BY ITS MANAGING PARTNER, GEORGE ANTONY – Appellant
Versus
SOUTH INDIAN BANK LTD. – Respondent
| Table of Content |
|---|
| 1. details of the loan agreements and npa classification. (Para 1 , 2 , 3 , 4) |
| 2. petitioner's claims under msme provisions and bank's obligations. (Para 5 , 7 , 8 , 9 , 10) |
| 3. court's analysis on jurisdiction and previous proceedings. (Para 6 , 12 , 13 , 14 , 15 , 18 , 19 , 20) |
| 4. obligations of msmes under the framework for revival. (Para 16 , 17) |
| 5. final dismissal of petition due to non-compliance. (Para 21 , 22) |
JUDGMENT
(Dated this the 11th day of December, 2025)
The petitioner company, G.K. Granites, was incorporated on 18.07.1986 and registered as an MSME on 24.03.2021. The 1st respondent sanctioned multiple credit facilities to the petitioner between 2016 and 2022, including a Cash Credit (CCOL) Facility of ₹4.00 Crores, an SIBML-OD Facility of ₹9.50 Crores, and an ECLGS Loan of ₹3.00 Crores. According to the petitioner, a representation was made on 12.06.2024 to the respondent Bank requesting the restructuring of existing facilities and seeking extension of MSME support as per RBI circulars and Master Directions. However, due to non- repayment, the respondent Bank classified the petitioner's loan accounts as a Non-Performing Asset (NPA) on 26.06.2024 and subseque
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