SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2026 Supreme(Online)(Ker) 5834

IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
ARUN P J. – Appellant
Versus
THE MERCANTILE BANK LTD. – Respondent


Advocates:
For the Appellants/Petitioners: SHRI.L.RAM MOHAN
For the Respondents: SMT.G.LEKHA, SRI.SAJU N.A., SMT.P.J.FLONY, SMT.UMA.G.KRISHNAN, SMT.REVATHY VIKRAMAN

JUDGMENT

The petitioner availed a housing loan and another loan from the

1st respondent Bank. For securing the aforesaid loans, the petitioner had furnished collateral security in the form of property measuring 73.50 cents, together with a residential building and all improvements thereon, comprised in Re-Sy. No. 743/03 of Kulanada Village. Unfortunately, the petitioner met with a road accident and sustained serious injuries, which prevented timely remittance of the loan instalments. Despite requesting the respondent Bank to restructure or regularise the loan, no relief was granted. On account of default in repayment, the respondent Bank initiated recovery proceedings. Aggrieved by the same, the petitioner approached this Court seeking appropriate reliefs.

2. When the matter was taken up for consideration today, the learned counsel for the petitioner submitted that the entire amount due to the Bank has been remitted and, consequently, the loan account stands closed.

In view of the above, there is no further dispute requiring adjudication, and accordingly, this writ petition is closed.

Sd/-

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top