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