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IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
MUHAMMED ABDUL KARIM FAISAL – Appellant
Versus
THE SOUTH INDIAN BANK LTD – Respondent
| Table of Content |
|---|
| 1. petitioner is the successful bidder seeking payment extension. (Para 1 , 2) |
| 2. counsel mentions rules regarding balance payment timeframe. (Para 3) |
| 3. court directs timely decision on pending representation. (Para 4) |
JUDGMENT
(Dated this the 23rd day of January, 2026)
The petitioner is the successful bidder in an auction conducted by the 2nd respondent. The e-auction was conducted on 28.10.2025 for an amount of Rs.6,30,10,000/-. Subsequently, the petitioner deposited Rs.1,57,52,502.80/- being the 25% of the bid amount, and the sale was confirmed in favour of the petitioner. Ext.P2 is the sale confirmation. The petitioner is required to pay the balance bid amount within three months of the sale confirmation, i.e., on or before 30.01.2026. At present, the petitioner is in the USA and is making earnest efforts to remit the balance.
2. The learned counsel for the petitioner submits that the petitioner has sufficient funds but he has to be back in India for payment of the entire amount. He, therefore, seeks time till 14.02.2026. The petitioner has already filed Ext.P3 representation before the 1st respondent on 19.01.2026, and is pending without any orders.
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