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2026 Supreme(Online)(Ker) 14523

IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
RAJESH K.G. – Appellant
Versus
UCO BANK – Respondent
WP(C) NO. 11417 OF 2022



Advocates:
For the Appellants/Petitioners: SRI.ANIL S.RAJ, SMT.K.N.RAJANI, SMT.ANILA PETER, SHRI.JOSE KILIANTHARA, SHRI.S.SUDHEESH, SMT.RADHIKA RAJASEKHARAN P., SHRI.MUHAMMED HARIS K.K., SMT.SIMI S. ALI
For the Respondents: SRI. H. RAMANAN, SC

The court observed that once the petitioner settled the outstanding dues, there are no further matters requiring judicial intervention.

Headnote:The petitioner, having availed a cash credit facility and a term loan from the respondent Bank, defaulted in repayment and faced recovery proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The respondent Bank's counsel confirmed that the petitioner has remitted the outstanding amount, resulting in the closure of the loan account. Thus, no further issues remain, leading to closure of the writ petition.

Table of Content
1. petitioner defaulted on loan repayment. (Para 1)
2. loan settled; no further issues. (Para 2)

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

W.P.(C) No. 11417 of 2022 ========================

Dated 23rd day of February, 2026 JUDGMENT The petitioner had availed a cash credit facility and a term loan 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. When the matter was taken up for consideration today, the learned counsel for the respondent Bank submitted that the petitioner has remitted the entire outstanding amount due to the Bank and that the loan account has been closed.

Recording the said submission, nothing further survives for consideration in this writ petition. Accordingly, the writ petition is closed.

Sd/-

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