The court allows the petitioner to repay the outstanding loan in installments while deferring any coercive action.

JUDGMENT

(Dated this the 22nd day of January, 2026)

The petitioner availed a loan from the respondent bank.

Due to non-repayment of the loan amount, the respondent initiated proceedings under the SARFAESI Act, 2002 , followed by a notice dated 07.10.2025 by the Advocate Commissioner, on the basis of the order of the CJM Court, Thiruvananthapuram, in CMP No.1759/2025 in MC No.530/2025, intimating that the physical possession of the property would be taken on 28.10.2025. Aggrieved by the same, the petitioner filed this writ petition.

2. On 27.10.2025, this Court granted an interim order deferring the coercive steps against the petitioner, on condition that the petitioner shall remit an amount of Rs.1,00,000/- within one month. Today, it is submitted that the said interim order has been complied with.

3. The learned Standing Counsel for the respondent, on instructions, submits that the total outstanding amount is Rs.16,39,051/-. The respondent is willing to permit the petitioner to pay off the outstanding amount in twelve equated monthly installments.

4. Having heard the learned counsel on both sides, and the fact that the respondent has no objection in granting installment facility to the petitioner, I dispose of the writ petition as follows:

a) The petitioner shall remit the outstanding amount of Rs.16,39,051/- (Rupees Sixteen lakhs thirty nine thousand and fifty one only) together with allied interest and other charges, in twelve (12) equated monthly installments, starting from 15.02.2026 and the subsequent installments shall be paid on or before 15^th of every succeeding month.

b) In the event of default of any one installment, the respondent shall be entitled to proceed in accordance with law.

c) All coercive proceedings shall be kept in abeyance to enable the petitioner to repay the entire amount as directed above.

Sd/-

BASANT BALAJI JUDGE