JUDGMENT

(Dated this the 28^th day of January, 2026)

The petitioner, a defaulted borrower from the respondent bank, is challenging proceedings under the SARFAESI Act initiated by the respondent Bank for recovery of the amounts due.

2. During the hearing, the petitioner confined the relief to an opportunity to repay the overdue amount in installments and to obtain regularisation of the loan accounts.

3. It was submitted on behalf of the respondent Bank that the petitioner committed default in repayment of the loan, and the total overdue amount as on 14.01.2026 is Rs.6,12,241/- (Rupees Six Lakhs Twelve Thousand Two Hundred Forty One only). It was 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 overdue amount in limited installments and regularise the loan accounts. There was an interim order dated 18.06.2024 directing the petitioner to remit an amount of Rs.75,000/- within a period of one month, which is already complied with. This is recorded.

4. Taking into consideration the facts and circumstances of the case and the submissions of the learned counsels on both sides, I dee