SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2026 Supreme(Online)(Ker) 30115

IN THE HIGH COURT OF KERALA AT ERNAKULAM
Bechu Kurian Thomas, J
Suresh Kumar – Appellant
Versus
Kerala State Financial Enterprises Ltd – Respondent


Advocates:
For the Appellants/Petitioners: Vrinda Babu
For the Respondents: Salil Narayanan K.A.

Table of Content
1. granting an installment-based repayment plan for outstanding public financial liabilities. (Para 1 , 2 , 3)

JUDGMENT

Petitioner was subscribed to a chitty and prized the same from the 1st respondent, Kerala State Financial Enterprises (KSFE). Due to circumstances beyond his control, it is alleged that the loan amount due from the petitioner, fell in arrears. Petitioner apprehends coercive proceedings being initiated against him. He expresses his willingness to repay the amount in reasonable instalments, and has hence approached this Court.

2. The learned Standing Counsel appearing on behalf of respondents submitted that the total liability due from the petitioner is Rs.60,85,629/- as on 30.05.2026 and that respondents are willing to accept repayment in instalments.

3. Having regard to the above submissions, I am satisfied that this writ petition can be disposed of with a direction.

Accordingly, there will be a direction to the respondents to accept repayment of the entire amount of Rs.60,85,629/- along with interest and costs due from the petitioner in 20 equated monthly instalments, the first of which shall commence on 19.06.2026, with the remaining instalments paya

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top