WP(C) NO. 12420 OF 2025 1 2025:KER:27203 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. 12420 OF 2025 PETITIONER: MUHAMMED ASHARAF, AGED 65 YEARS S/O. SAITH MUHAMMED, PUTHIYAVEETTIL HOUSE, ELAVALLY P.O., CHAVAKKAD, THRISSUR DISTRICT, PIN - 680516 BY ADV M.R.SASITH RESPONDENTS: 1 THE AUTHORIZED OFFICER, THE KERALA STATE CO-OPERATIVE BANK LTD., THRISSUR REGIONAL OFFICE BUILDING, THIRUVAMBADY, SAHAKARANA SATHABTHI MANDIRAM, TUDA ROAD, KOVILAKATHUMPADAM, THRISSUR DISTRICT, PIN - 680022 2 THE KERALA STATE CO-OPERATIVE BANK LTD., PAVARATTY BRANCH, REPRESENTED BY ITS BRANCH MANAGER, CDC BUILDING, PAVARATTY, THRISSUR DISTRICT, PIN - 680507 3 THE BRANCH MANAGER, THE KERALA STATE CO-OPERATIVE BANK LTD., PAVARATTY BRANCH, BRANCH MANAGER, CDC BUILDING, PAVARATTY, THRISSUR DISTRICT, PIN - 680507 OTHER PRESENT: SRI. K.S.ARUNKUMAR, SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 27.03.2025, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: WP(C) NO. 12420 OF 2025 2 2025:KER:27203 JUDGMENT The petitioner has approached this Court challenging proceedings under the SARFAESI Act which have been initiated by the respondent bank 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 committed default in repayment of a housing loan and the total overdue amount as on 26.03.2025 is Rs.1,64,788/-. 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. 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 total overdue in ten equal monthly instalments, the first of which shall be paid on or before 10.04.2025 and the subsequent instalments shall be paid on the 10th day of every succeeding months and thereafter, if the amount so directed is repaid within the time as directed above, to have the loan account regularised. WP(C) NO. 12420 OF 2025 3 2025:KER:27203 5. Accordingly, there will be a direction to the respondent bank to accept repayment of the entire overdue amount of Rs.1,64,788/- along with any accrued interest, costs and charges from the petitioner and regularise the loan account of the petitioner in the following manner: i. The petitioner shall pay the overdue amount of Rs.1,64,788/- along with any accrued interest, costs and charges in ten equal monthly instalments; ii. The first instalment shall be paid on or before 10.04.2025 and the subsequent instalments shall be paid on or before the 10th day of every succeeding months; iii. Petitioner shall continue to pay the regular EMI’s/instalments along with the instalments directed above; iv. In the event of default of any one instalment, the respondent bank shall be entitled to proceed in accordance with the law; v. 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 Nsd WP(C) NO. 12420 OF 2025 4 2025:KER:27203 APPENDIX OF WP(C) 12420/2025 PETITIONER EXHIBITS Exhibit P1 THE TRUE COPY OF THE POSSESSION NOTICE ISSUED BY THE 1ST RESPONDENT DATED 06.03.2025