The court permits flexible loan repayment terms considering the petitioner's circumstances post her husband's demise.

JUDGMENT

The petitioner’s husband had availed certain credit facilities from the first respondent herein. Insofar as the repayment was defaulted, the Bank initiated ARC proceedings, leading to the issuance of Ext.P7 demand notice. It is seeking to challenge the demand notice issued as above, as also seeking an instalment facility, that the petitioner has approached this Court.

2. Sri. S. Subhash Chand, the learned counsel for the first respondent, would point out that the arrears as on date are ₹25,11,509/-.

3. Taking note of the contentions raised by the petitioner, especially that the loan was taken by her deceased husband, I am of the opinion that some indulgence can be shown in the matter.

4. The learned counsel for the first respondent, fairly states that reasonable instalments may be extended by this Court.

In view of the above, this writ petition stands disposed of, permitting the petitioner to clear the arrears in the loan account of the respondent Bank in 15 instalments commencing from 20.03.2026. Insofar as the learned counsel for the first respondent also states that an OTS facility is extended by the Bank, it will be open for the petitioner to seek the afore benefits as well.

Sd/-