2025:KER:26247 WP(C) NO. 12183 OF 2025 1 IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR. JUSTICE GOPINATH P. THURSDAY, THE 27TH DAY OF MARCH 2025 / 6TH CHAITHRA, 1947 WP(C) NO. 12183 OF 2025 PETITIONER/S: BALKKEES,AGED 58 YEARS W/O UMMER T, THOLOOR HOUSE, MELATTUR P.O, MALAPPURAM,KERALA, PIN - 679326 BY ADVS. HARIKRISHNAN V.A KRISHNENDHU V.B RESPONDENT/S: 1 THE AUTHORIZED OFFICER, UNION BANK OF INDIA, PERINTHALMANNA BRANCH, VERALIKKATTIL TOWERS PATTAMBI ROAD, PERINTHALMANNA P. O, OP. KEY CEE MOVIES, MALAPPURAM, PIN - 679322 2 THE BRANCH MANAGER,UNION BANK OF INDIA, PERINTHALMANNA BRANCH, VERALIKKATTIL TOWERS, PATTAMBI ROAD, PERINTHALMANNA P.O, OP. KEY CEE MOVIES, MALAPPURAM, PIN - 679322 BY ADVS. ASP.KURUP SADCHITH.P.KURUP C.P.ANIL RAJ SIVA SURESH B.SREEDEVI ATHIRA VIJAYAN THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 27.03.2025, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: 2025:KER:26247 WP(C) NO. 12183 OF 2025 2 JUDGMENT Petitioner has approached this Court, challenging proceedings initiated by the respondent Bank under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 for recovery of the amounts due from the petitioner. 2. During the course of hearing, petitioner has confined the relief to an opportunity for repaying the overdue amount in instalments and to obtain regularisation of the loan account. 3. It is submitted on behalf of the respondent bank that the petitioner along with her husband availed a working capital loan from the respondent bank and committed default in repayment and the overdue amount, as of now, would come to Rs.17,26,902/- (Rupees Seventeen lakh twenty six thousand nine hundred and two only). It is further submitted that though proceedings for recovery have been initiated, as a matter of indulgence, the respondent bank is willing to accept repayment of the overdue amount in limited instalments and regularise the loan account provided a substantial amount is paid as expeditiously as possible. 2025:KER:26247 WP(C) NO. 12183 OF 2025 3 4. Having regard to the circumstances of the case and the submissions made as recorded above, I am of the view that the petitioner can be granted an opportunity to repay the overdue amount of Rs.17,26,902/- (Rupees Seventeen lakh twenty six thousand nine hundred and two only) on a condition that the petitioner shall pay an amount of Rs.2,00,000/- (Rupees Two lakh only) on or before 05.04.2025 and the balance amount along with any accrued interest, cost and charges in twelve instalments and thereafter, if the amount so directed is repaid within the time as directed above, to have the loan account regularised. 5. Accordingly, there will be a direction to the respondent bank to accept repayment of the entire overdue amount of Rs.17,26,902/- (Rupees Seventeen lakh twenty six thousand nine hundred and two only) along with accrued interest, cost and bank charges from the petitioner and regularise the loan account of the petitioner in the following manner:- (i) Petitioner shall pay an amount of Rs.2,00,000/- (Rupees Two lakh only) on or before 05.04.2025; (ii) The balance overdue amount of Rs.15,26,902/- (Rupees Fifteen lakh twenty six thousand nine hundred and two only) along with any accrued interest, cost and charges shall be paid in twelve equated monthly instalments; 2025:KER:26247 WP(C) NO. 12183 OF 2025 4 (iii)The first instalment shall be paid on or before 05.05.2025 and the subsequent instalments shall be paid on or before the 05th day of each succeeding months; (iv)Petitioner shall continue to pay the regular EMI’s/instalments along with the instalments directed above; (v) In the event of default of any one instalment, the respondent bank shall be entitled to proceed in accordance with the law; (vi) In order to enable the petitioner to repay the entire amounts, all coercive proceedings shall be kept in abeyance. The writ petition is disposed of as above. Sd/- GOPINATH P. JUDGE ajt 2025:KER:26247 WP(C) NO. 12183 OF 2025 5 APPENDIX OF WP(C) 12183/2025 PETITIONER EXHIBITS Exhibit P1 THE TRUE COPY OF THE DEMAND NOTICE DATED 08.01.2024 ISSUED BY THE 1ST RESPONDENT