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IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
RAZAK P. – Appellant
Versus
THE AUTHORIZED OFFICER, THE FEDERAL BANK LTD – Respondent
| Table of Content |
|---|
| 1. petitioner took loans and defaulted, initiating proceedings. (Para 1 , 2) |
| 2. petitioner sought relief but did not comply with court orders. (Para 3) |
| 3. court emphasized the need for statutory remedy via drt. (Para 4) |
JUDGMENT
Dated this the 20th day of February, 2026 The petitioner has availed a housing loan in the year
2016 for an amount of Rs. 20,000,00/- (Rupees twenty lakhs only) from the 1st respondent. After that the petitioner availed another housing (Flood Relief) loan for an amount of Rs.2,000,00/- (Rupees two lakhs only). The secured asset in the loan transaction is 5 cents of property together with residential building having 1600 Sq.Feet.
2. When there was default in the repayment, the bank initiated SARFAESI proceedings against the petitioner.
3. The present writ petition is filed to allow the petitioner to pay the overdue amount in installments and regularize the loan. The learned counsel for the respondent vehemently opposes the same and submitted that on 15.01.2026, this Court directed the petitioner to remit an amount of Rs.5,00,000/-(Rupees five lakhs only) within one month from that day. When the matter is taken up for consideration today, the learne
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