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IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
SAJITHKUMAR N. – Appellant
Versus
AUTHORIZED OFFICER, PUNJAB NATIONAL BANK – Respondent
| Table of Content |
|---|
| 1. petitioner defaulted on loan repayment. (Para 1 , 2 , 3) |
| 2. court asserts jurisdiction limits to the debts recovery tribunal. (Para 4) |
BASANT BALAJI J ======================
W.P. (C) No.46678 of 2025 ========================
Dated 03rd day of March 2026 JUDGMENT The petitioner had availed two loans (housing loan and personal 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. An interim order was passed on 16.12.2025 directing the petitioner to remit Rs.2,00,000/- (Rupees two lakh only) within one month, and coercive steps were deferred. On 22.01.2026, the time for compliance was extended till 05.02.2026. On 06.02.2026, the petitioner remitted Rs.50,000/- and was granted a further period of
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