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IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
BIJITH – Appellant
Versus
CANARA BANK – Respondent
| Table of Content |
|---|
| 1. petitioner secured a loan leading to bank recovery proceedings. (Para 1) |
| 2. bank submitted overdue amount, agreeing to regularize. (Para 2) |
| 3. court directed repayment and held coercive actions in abeyance. (Para 3) |
JUDGMENT
(Dated this the 23rd day of February, 2026)
The petitioner availed a housing loan of Rs.10 lakhs from the 2nd respondent bank in the year 2024. Due to non- repayment of the loan amount, the respondent initiated proceedings under the SARFAESI Act, 2002 , by issuing Ext.P1 notice dated 30.12.2025. Aggrieved by the same, the petitioner filed this writ petition.
2. The learned Standing Counsel for the Bank, on instructions, submits that the overdue amount as on date is Rs.56,911/-. The Bank has no objection in regularizing the loan account.
3. Having heard the learned counsel on both sides, and taking note of the fact that the Bank is proposing to take physical possession of the property and since the Bank has no objection in regularizing the loan account, I deem it appropriate to dispose of this writ petition with the following directions:
a) The petitioner shall remit the overdue amount of Rs.56,911/- (Rupees fifty six thousand nine hundred and elev
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