JUDGMENT

The 3^rd petitioner is the borrower, and petitioners

1 and 2 are the guarantors in respect of a loan availed from the 1^st respondent bank. On default being committed proceedings have been initiated against the petitioners under the provisions of the Kerala Co-operative Societies Act , 1969, prompting the petitioners to approach this Court by filing the above writ petition.

2. During the course of hearing, petitioners have confined the relief to an opportunity for repaying the outstanding amount in instalments.

3. It is submitted on behalf of the respondent bank that the petitioners committed default in repayment and the outstanding amount, as on 13-01-2026, is Rs.45,42,813/-. It is further submitted that though proceedings for recovery have been initiated, as a matter of indulgence, the respondent bank is willing to accept repayment of the outstanding amount in limited instalments.

4. The learned counsel for the petitioners submits that the petitioners are willing to repay the entire outstanding amount in six instalments.

5. Having regard to the circumstances of the case and the submissions made as recorded above, I am of the view that the petitioners can be granted an opportu