Back
IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
PRABHAKARAN K.K – Appellant
Versus
AUTHORIZED OFFICER KERALA CO-OPERATIVE BANK PVT LTD – Respondent
| Table of Content |
|---|
| 1. loan default leading to npa and court's interim relief. (Para 1 , 2) |
| 2. court's grant of installment payment for loan settlement. (Para 3) |
| 3. final resolution of payments and legal consequences for default. (Para 4) |
JUDGMENT
(Dated this the 30th day of January, 2026)
The petitioner availed loan of Rs.10 lakhs from the respondent bank. Due to non-repayment of the loan amount, the loan account was classified as NPA and issued Ext.P1 notice under Section 13(4) of the SARFAESI Act . Aggrieved by the same, the petitioner filed this writ petition.
2. On 19.12.2025, 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 lakh within one month. Today, it is submitted that the said interim order has been complied with.
3. The learned Standing Counsel for the respondents, on instructions, submits that the total outstanding amount is Rs.15,41,672/-. The respondents are willing to permit the petitioner to pay off the outstanding amount in 15 equated monthly installments.
4. Having heard the learned counsel on both sides, and the fact that the respondents have no objection in granting
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
