The court permitted structured installment payments for overdue loan amounts under the SARFAESI Act, emphasizing borrower compliance.

JUDGMENT

(Dated this the 27^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. The learned Standing Counsel appearing for the respondents, on instructions, submits that as on today, the total overdue amount in two loans comes to Rs.1,34,687/-(Rupees one lakh thirty four thousand six hundred eighty seven 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 the 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 a lump sum amount of Rs.30,000/-(Rupees thirty thousand only) on or before

27.02.2026.

(ii) The petitioner shall pay the balance overdue amount along with any accrued interest, cost and allied charges, in

10 equal monthly installments, along with regular installments.

(iii) The first installment is to be paid on or before 27.03.2026, and the remaining installments on or before the 27^th day of every succeeding months, along with regular installments.

(iv) After making payment of the entire overdue amount along with regular installments, the petitioner shall continue to pay the regular installments till the entire loan liability is discharged.

(v) In case of failure to make payment of any of the installments or the lump sum amount as directed above, the Bank shall be free to take possession of the secured assets, in accordance with law.

(vi) Till such time, all coercive proceedings against the secured assets shall be deferred.

Sd/-