BASANT BALAJI J ======================

W.P.(C) No. 1591 of 2026 ========================

Dated 20^th day of February, 2026 JUDGMENT The petitioner had availed a mortgage loan in the year 2021 for an amount of ₹5,00,000/- from the respondent Bank. Subsequently, the petitioner committed default in repayment of the loan amount as per the agreed terms. In view of the said default, the respondent Bank initiated recovery proceedings against the secured asset under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act , 2002. Aggrieved by the measures so initiated by the respondent Bank under the said Act, the petitioner has approached this Court by filing the present writ petition.

2. During the hearing, the petitioner confined the relief to an opportunity to repay the overdue amount in instalments and to obtain regularisation of the loan accounts.

3. It was submitted on behalf of the respondent Bank that the petitioner committed default in repayment of the housing loan, and the total overdue amount as on 19.02.2026 is Rs.3,72,571/- (Rupees Three Lakhs Seventy Two Thousand Five Hundred and Seventy One Only). It was further submi