JUDGMENT

The petitioner along with her sibling and late mother had stood as sureties for chitties conducted by the 1^st respondent and even mortgaged a property having an extent of 16.3 cents in Re-survey No.470/2 at Velipram Desom, Kozhikode. Due to default in repayment of the chitty loan, proceedings have been initiated against the petitioner and others. Property mortgaged by the petitioner has been brought for sale as per Ext.P1. The sale is scheduled to be held on 27.02.2026. According to the petitioner, the property now brought for sale has a value of more than rupees two crores, while the liability is only Rs.75,01,376/- and therefore the petitioner may be given an opportunity to have a private sale is even ready to execute a tripartite agreement with the prospective purchaser, to enable him to obtain the maximum market value.

2. The learned Standing Counsel, upon instructions, submitted that the liability due from the petitioner as on 28.02.2026 is Rs.1,83,23,143/-. It was also submitted that notwithstanding the property being scheduled for sale to tomorrow the respondents are willing to grant a reasonable breathing time to the petitioner to enable him to identify a prospectiv