JUDGMENT

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

The petitioner along with her late husband, availed a housing loan from the lst respondent bank in the year 2016. The petitioner's husband, who was the co-borrower, unfortunately passed away on 03.02.2026. The loan was secured by mortgaging 8 cents of property in Re.Sy.No.73 of Manathana Desom, Manathana Village, Iritty Taluk, Kannur District, belonging to the petitioner's late husband, and 6 cents of property in Sy.No.73 of the same village and taluk, belonging to the petitioner. When there was default in the repayment, 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 in two loans comes to Rs.4,99,880/-.

3. The counsel for the petitioner 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 learned counsel on both sides and taking note of the fact that the Bank is proposing to take physical possession of the property and si