JUDGMENT

Dated this the 31^st day of January, 2026 The petitioners are husband and wife, they had availed credit facilities in the form of CKKCC Non Subvention Crop for total amount of Rs 60,00,000(Rupees Sixty Lakhs only) from the 2^nd respondent bank. The duration for repayment of the loan was 5 years. The petitioner and his wife were remitting the monthly installments up to 01.03.2024. When there was default in repayment the bank initiated proceedings under the SARFAESI Act .

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 petitioner committed default in repayment of the loan. The petitioner has complied with the interim order though belatedly and the outstanding amount as on today is Rs.60,71,280/- (Rupees sixty lakhs seventy one thousand two hundred eighty only). It is further submitted that though proceedings for recovery have been initiated, as a matter of indulgence, the respondent Bank is willing to accept repayment of the outstanding amount in limited installments. This is recorded.

4. In view of the above, I am of the view that th