JUDGMENT

(Dated this the 27^th day of February, 2026)

The petitioner has availed three different loans (Housing Loan – Rs. 25,00,000/-, Covid Loan – Rs. 4,00,000/- and MSME Loan – Rs. 2,00,000/-) amounting to a total of Rs. 31,00,000/- (Rs. Thirty- one Lakhs) from 2017 onwards from the 2^nd respondent Bank. For availing the said loans, the petitioner had mortgaged all part and parcel of the land, having an extent of 3.24 Ares and 3.49 Ares along with all other improvements thereon, comprised in Survey No. 331/1 and 331/8 respectively in Vallivattom Village, Mukundapuram Taluk, Thrissur District, as security for the above loan transactions. When there was default in repayment, the bank initiated proceedings under the SARFAESI Act .

2. The learned Standing Counsel appearing for the respondents, on instructions, submits that as on today, the total overdue amount comes to Rs.3,42,277/-.

3. The counsel for the petitioner submits that the petitioner had complied with the order dated 22.01.2026 and now, seeks an indulgence from this court to grant installments to wipe off the overdue amount. The respondent Bank is willing to accept repayment of overdue amount in limited installments. This i