IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
SREENIVAS – Appellant
Versus
INDIAN BANK – Respondent
| 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
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.