JUDGMENT DATED THE 30^TH DAY OF JANUARY 2026 The petitioner has availed a housing loan of Rs.22,50,000/- in 2016 and a flood relief loan of Rs.2,78,250/- in 2018 from the respondent Bank by mortgaging 4.05 Ares of land in Survey No.198/1 of Pappinivattom Village, Kodungallur Taluk, Thrissur District. Due to default in repayment, the Bank initiated proceedings under the SARFAESI Act and notice were issued under Sections 13(2) and 13(4) of the SARFAESI Act . At this point of time, the petitioner approached this Court for a direction to the respondent to regularise the loan account by permitting the petitioner to pay the overdue amount in installments.

2. The counsel for the respondent, on instructions, submits that the respondent has already recalled the loan and an original application is filed as O.A.No.616 of 2025 and that the loan cannot be regularised. But, if the petitioner is ready to pay the outstanding amount in installments, the respondent is willing to permit the petitioner to pay off the outstanding amount in equal monthly installments. The outstanding amount as on 30.12.2025 is Rs.39,04,500/-. The petitioner submits that he may be granted 20 equal monthly installments