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IN THE HIGH COURT OF KERALA AT ERNAKULAM
Bechu Kurian Thomas, J
Jayan A – Appellant
Versus
Kerala State Financial Enterprises Ltd (KSFE) – Respondent
| Table of Content |
|---|
| 1. petitioner's challenge to revenue recovery based on loan default. (Para 1 , 2) |
| 2. respondents agreed to instalment repayment conditions. (Para 3) |
| 3. court's directive on repayment terms and consequences of default. (Para 4) |
JUDGMENT
Petitioner is aggrieved by the revenue recovery proceedings initiated against him as per Ext.P1 demand notice.
2. Petitioner had availed a loan from the 1st respondent. Due to default in repayment, revenue recovery proceedings have been initiated as per Ext.P1 and an amount of Rs.9,21,984/- is due as on 31.03.2026. The limited relief now sought for by the petitioner is for a permission to repay the amount due from him in reasonable instalments. Though the petitioner claimed the benefit of one time settlement scheme, the said scheme expires by 31.03.2026 and therefore the petitioner expressed his inability to abide by the terms of the scheme.
3. The learned Standing Counsel, upon instructions, submitted that the respondents are wiling to accept repayment of the amount in instalments, provided, the petitioner does not commit any default in payment of the said instalments.
4. Having heard the learned counsel for the petitioner as well as the l
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