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IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
SAJITHA.C.K. – Appellant
Versus
UNION BANK OF INDIA – Respondent
| Table of Content |
|---|
| 1. petitioner is a surety for a loan. (Para 1 , 2) |
| 2. outstanding loan amount and bank's refusal for installment payment. (Para 3) |
| 3. conditions for repayment of the outstanding amount set by the court. (Para 4) |
JUDGMENT
(Dated this the 20th day of Januay, 2026)
The petitioner, is a surety for a loan taken by one Sreejesh. He is challenging proceedings initiated by the respondent bank under the SARFAESI Act for recovery of the amounts due.
2. The learned counsel for the petitioner would submit that the petitioner may be permitted to clear the liability in installments.
3. It is submitted on behalf of the respondent Bank that the borrower committed default in repayment of the loan and the outstanding amount as on today comes to Rs.8,25,001/-. It is further submitted that as the recovery proceedings have been initiated, the respondent Bank is not willing to accept repayment of the outstanding amount in limited installments.
This is recorded.
4. It is true that the original borrower has approached this court by filing WP(C)No.16548 of 2022 and this court has permitted the borrower to pay the overdue amount in installments and the borrower has not complied with the same.
In v
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