JUDGMENT

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

The petitioner had availed a Term loan of Rs. 15,00,000/-

(Rupees Fifteen Lakhs) in the year 2014 from the 2^nd respondent Bank which was renewed in 2025. For availing the loan, the petitioner had mortgaged all part and parcel of the land, having an extent of 2.96 Ares comprised in Sy. No. 147/3 in Vailathur Village, Chavakkad Taluk, Thrissur District as security for the above loan transaction. When there was default in the loan account, the bank initiated SARFAESI proceedings against the petitioner.

2. The learned Standing Counsel appearing for the respondents, on instructions, submits that as on today, the total overdue amount comes to Rs.1,43,860/-.

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 is recorded.

4. Having heard the counsel appearing for the petitioner as well as the Standing counsel appearing for the respondent bank, I deem it appropriate to dispose of the writ petit