BASANT BALAJI J ======================

W.P.(C) No. 3051of 2026 ========================

Dated 28^th day of January, 2026 JUDGMENT The petitioners had availed a loan from the respondent Bank for a sum of ₹8,52,056.55 by creating a mortgage over the residential property owned by them. Owing to unforeseen circumstances, the petitioners defaulted in remitting the equated monthly instalments, pursuant to which the loan account was classified as a Non-Performing Asset. Thereafter, the respondent Bank initiated recovery proceedings under the provisions of the SARFAESI Act . The Bank has now issued a sale notice dated 17.12.2025 proposing to conduct an e-auction on 28.01.2026 for the purpose of realisation of the alleged outstanding dues.

2. The learned counsel for the respondents, on instructions, submitted that although the sale is posted for today, there are no bidders and, therefore, there is no immediate apprehension to the petitioners with regard to the sale. It is further submitted that the respondent Bank is willing to regularise the loan account, provided the overdue amount is paid on or before 31.03.2026. The overdue amount as on today (28.01.2026) is stated to be approximately ₹1,