BASANT BALAJI J ======================

W.P.(C) No. 47587 of 2025 ========================

Dated 27^th day of January, 2026 JUDGMENT The petitioner availed a loan of ₹20,00,000/- from the respondent bank. At the time of availing the loan, the petitioner created an equitable mortgage over an extent of 2.33 Ares of property comprised in Re-Survey No. 164/12/3/2 in Block No. 4 of Oachira Village, Karunagapally Taluk, Kollam District, as security for the loan. Due to unforeseen financial hardships, including the lingering effects of the COVID-19 pandemic, the petitioner committed defaults in remitting the monthly instalments. Upon such default, the respondent bank classified the loan account as a Non-Performing Asset (NPA) on 01.06.2019 and initiated proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act , 2002. Aggrieved by the initiation of proceedings under the SARFAESI Act, the petitioner has approached this Hon’ble Court.

2. During the hearing, the petitioner confined the relief to an opportunity to repay the overdue amount in instalments and to obtain regularisation of the loan accounts.

3. It was submitted on behalf of th