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2026 Supreme(Online)(Ker) 14516

IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
ABOOBACKER – Appellant
Versus
AUTHORISED OFFICER, THE TIRUR URBAN CO-OPERATIVE BANK LTD. – Respondent


Advocates:
For the Appellants/Petitioners: SRI.K.V.ANIL KUMAR, SHRI.R.KALESH, SHRI.NIJAZ JALEEL, SHRI.NEERAJ S.
For the Respondents: SHRI.M.SASINDRAN

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

W.P. (C) No. 2890 of 2026 ========================

Dated 23rd day of February 2026 JUDGMENT The petitioner had availed a personal loan in the year 2019 for an amount of ₹15,00,000/- from the respondent Bank by depositing the title deed of his property having an extent of 4 Ares and 61 sq. m. in Sy. No.34/12-44 of Nannambra Village as security. 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.

3. An interim order was passed on 27.01.2026 directing the petitioner to remit Rs.2,00,000/- (Rupees two lakh only) within a period of one week. and coercive steps were deferred.

4. Today, the learned counsel for the petitioner submits that the amount directed to be remitted as per the order dated 27.01.2026 has no

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