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IN THE HIGH COURT OF KERALA AT ERNAKULAM
BECHU KURIAN THOMAS, J
SIDIRATH V. – Appellant
Versus
KERALA STATE FINANCIAL ENTERPRISES LIMITED (KSFE) – Respondent
| Table of Content |
|---|
| 1. petitioner seeks time for repayment of gold loan liabilities. (Para 1 , 2) |
| 2. respondent's willingness to accept repayment in installments. (Para 3) |
| 3. court's direction for installment repayments to avoid coercive action. (Para 4) |
JUDGMENT
The limited relief sought for by the petitioner is for a direction to the respondent to defer the coercive proceedings in respect of the gold ornaments pledged until the consideration of his representation.
2. Petitioner had availed two gold loans from the respondent. The loans were availed for a period of one year, and despite expiry of the said period, he failed to repay the amount. Petitioner submitted that the gold pledged by him would be sold. In such circumstances, he has approached this Court seeking a breathing time for repayment of the loan.
3. The learned Standing Counsel for the respondent, upon instructions, submitted that the total liability due from the petitioner as on 31.01.2026 is Rs.17,55,072/- and that, if the petitioner is willing to repay the amount within a reasonable time, they are willing to accept the same in reasonable instalments.
4. Having heard the learned counsel for petitioner as well as the learned St
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