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IN THE HIGH COURT OF KERALA AT ERNAKULAM
P. V. Balakrishnan, J
Devi Communications – Appellant
Versus
Canara Bank – Respondent
| Table of Content |
|---|
| 1. challenge against coercive recovery actions under sarfaesi act. (Para 1) |
| 2. request and consent for repayment of loan outstanding in installments. (Para 2 , 3 , 4) |
| 3. granting of installment facility subject to strict compliance to avoid recovery measures. (Para 5 , 6) |
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 29.06.2026, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:
JUDGMENT
Dated this the 29th day of June, 2026
It is aggrieved by the coercive steps taken by the respondents under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interes-t Act, 2002 (hereinafter referred to as the ‘SARFAESI Act’, for short), this writ petition has been preferred by the petitioners.
2. Heard the learned counsel for the petitioners and the learned counsel for the respondents.
3. The learned counsel for the petitioners submitted that an opportunity may be given to the petitioners to clear the outstanding amount in installments.
4. The learned counsel for the respondents submitted that the Bank has no objection in permitting the petitioners to clear the entire outstanding amount with interest, by way of installm
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