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IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
JAYASREE SHIBU – Appellant
Versus
THE DISTRICT COLLECTOR, KOTTAYAM – Respondent
| Table of Content |
|---|
| 1. challenging proceedings under the sarfaesi act. (Para 1) |
| 2. petitioner seeks installment arrangement for overdue amount. (Para 2 , 3) |
| 3. court orders structured repayment and consequences of default. (Para 4) |
JUDGMENT
(Dated this the 27th 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. The learned Standing Counsel appearing for the respondents, on instructions, submits that as on today, the total overdue amount comes to Rs.5,46,500/-(Rupees five lakhs forty six thousand five hundred only).
3. The counsel for the petitioner seeks an indulgence from this court to grant installments to wipe off the overdue amount. The respondent Bank is willing to accept repayment of overdue amount in limited installments. This is recorded.
4. Having heard the counsel appearing for the petitioner as well as the Standing counsel appearing for the respondent bank, I deem it appropriate to dispose of the writ petition with the following directions:
(i) The petitioner shall pay the overdue amount of Rs.5,46,500/-(Rupees five lakhs forty si
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