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IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
RENJITH V – Appellant
Versus
SUNDARAM HOME FINANCE LTD – Respondent
| Table of Content |
|---|
| 1. petitioner initiated a housing loan with a default leading to sarfaesi act proceedings. (Para 1) |
| 2. respondent stated overdue amount and agreed to loan account regularization. (Para 2) |
| 3. court's ruling permitted installment payments and outlined conditions for repayment. (Para 3) |
JUDGMENT
(Dated this the 30th day of January 2026)
The petitioner availed a housing loan of Rs.25,00,000/- from the respondent- financial institution in the year 2020 for a period of 25 years by mortgaging his residential property as security. Upon default, the respondent initiated proceedings under the SARFAESI Act , 2002, and an Advocate Commissioner was appointed by order dated 25.11.2025 in MC No.1478/2025, to take possession of the secured asset. The petitioner approached this Court seeking sufficient installments to clear the overdue amount in the loan account.
2. The learned counsel for the respondent, on instructions, submits that the overdue amount as on date is Rs.1,45,940/-. The respondent has no objection in regularizing the loan account.
3. Having heard the learned counsel on both sides, and taking note of the fact that the respondent is proposing to take physical possession of
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