IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR.JUSTICE MOHAMMED NIAS C.P.

TUESDAY, THE 12^TH DAY OF MAY 2026 / 22ND VAISAKHA, 1948 WP(C) NO. 16503 OF 2026 PETITIONER JAYACHANDRAN P., AGED 52 YEARS S/O. GOPI, PERUMPIL, VAIDYARANGADI P.O., RAMANATTUKARA, KOZHIKODE DISTRICT, PIN - 673633 BY ADV SRI.C.DINESH RESPONDENT:

STATE BANK OF INDIA LTD., REPRESENTED BY ITS AUTHORIZED OFFICER, RAMANATTUKARA TOWN BRANCH, KOZHIKODE DISTRICT, PIN - 673633 JITHESH MENON,STANDING COUNSEL THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 12.05.2026, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

JUDGMENT

The petitioner, a defaulted borrower from the respondent Bank, is challenging proceedings initiated by the respondent Bank under the SARFAESI Act for recovery of the amounts due.

2. The learned counsel for the petitioner would submit that the petitioner may be permitted to clear the liability in instalments.

3. It was submitted on behalf of the respondent Bank that the petitioner committed default in repayment of the loan and the outstanding amount as on 12.05.2026 is Rs.18,07,122/- (Rupees eighteen lakhs seven thousand one hundred and twenty two only). It was further submit