SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2026 Supreme(Online)(Ker) 11899

IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
SREENIVAS – Appellant
Versus
INDIAN BANK – Respondent


Advocates:
For the Appellants/Petitioners: SMT.PADMA LAKSHMI, SMT.RAIJA C. KAREEM
For the Respondents: SRI. BINOY VASUDEVAN, SC

Table of Content
1. previous court's directive on loan repayment. (Para 1 , 2)
2. guarantor's statutory remedies. (Para 3)

JUDGMENT

(Dated this the 17th day of February, 2026)

The petitioner’s wife had earlier approached this Court by filing W.P.(C) No. 20044 of 2025, which was disposed of on 13.06.2025 directing the petitioner to remit a sum of Rs.10 lakhs on or before 11.07.2025, and to pay the balance amount in 12 equal monthly instalments commencing from

11.08.2025.

2. The present writ petition is filed by the guarantor challenging Ext.P1 notice issued under Section 13 (2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act , 2002. A further direction is sought to regularize the loan account by permitting the petitioner to clear the loan dues in 30 instalments. The filing and disposal of W.P.(C) No. 20044 of 2025 has been suppressed in the present writ petition. As noticed earlier, pursuant to the above said judgment, the petitioner was bound to remit Rs.10 lakhs and thereafter pay the instalments from 11.08.2025 onwards.

3. If the petitioner is aggrieved by any of the measures taken under Section 13 (4) of the Act, being a guarant

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

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

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top