WP(C) NO. 12962 OF 2025 1 2025:KER:27204 IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR. JUSTICE GOPINATH P. FRIDAY, THE 28TH DAY OF MARCH 2025 / 7TH CHAITHRA, 1947 WP(C) NO. 12962 OF 2025 PETITIONER: BEENA NOUSHAD, AGED 45 YEARS W/O. NOUSHAD, PILLANJIYOTTU, CHARUVILLA PUTHAN VEEDU, THALACHIRA P.O., KOLLAM, PIN - 691538 BY ADVS. SAYUJYA RADHAKRISHNAN K.R.RAJEEV KRISHNAN RESPONDENTS: 1 KERALA STATE CO-OPERATIVE BANK, REPRESENTED BY ITS BRANCH MANAGER, KIZHAKKETHERUVU BRANCH, PLAMOOTTIL BUILDING, KIZHAKKETHERUVU, KOLLAM, PIN - 691557 2 AUTHORIZED OFFICER, KERALA STATE CO-OPERATIVE BANK, KIZHAKKETHERUVU BRANCH, PLAMOOTTIL BUILDING, KIZHAKKETHERUVU, KOLLAM, PIN - 691557 SRI. P.C.SASIDHARAN, SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 28.03.2025, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: WP(C) NO. 12962 OF 2025 2 2025:KER:27204 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 accounts. 3. It is submitted on behalf of the respondent Bank that the petitioner committed default in repayment of an ordinary loan and the overdue amount as on 27.03.2025 is Rs.3,77,497/-(Rupees Three lakhs seventy seven thousand four hundred and ninety seven 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 accounts. 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 amount on condition that a sum of Rs.1,00,000/- (Rupees one lakh WP(C) NO. 12962 OF 2025 3 2025:KER:27204 only) shall be paid on or before 05.04.2025 and the balance amount along with any accrued interest, costs and charges shall be paid in 10 equal monthly instalments, the first of which shall be paid on or before 05.05.2025 and the subsequent instalments shall be paid on or before the 5th day of every succeeding months and thereafter, if the amount so directed is repaid within the time as directed above, to have the loan accounts regularised. 5. Accordingly, there will be a direction to the respondent Bank to accept repayment of the entire overdue amount of Rs.3,77,497/-(Rupees Three lakhs seventy seven thousand four hundred and ninety seven only)along with any accrued interest, costs and charges from the petitioner and regularise the loan accounts of the petitioner in the following manner:- i. The petitioner shall pay a sum of Rs.1,00,000/- (Rupees one lakh only) on or before 05.04.2025. The balance overdue amount along with any accrued interest, costs and charges shall be paid in 10 equal monthly instalments; ii. The first instalment shall be paid on or before 05.05.2025 and the subsequent instalments shall be paid on or before the 5th day of WP(C) NO. 12962 OF 2025 4 2025:KER:27204 every succeeding month; 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 lsn WP(C) NO. 12962 OF 2025 5 2025:KER:27204 APPENDIX OF WP(C) 12962/2025 PETITIONER EXHIBITS Exhibit P1 A TRUE PHOTOCOPY OF THE DISCHARGE SUMMARY OF THE HUSBAND OF THE PETITIONER ISSUED BY THE GOVT. MEDICAL COLLEGE HOSPITAL, KOLLAM Exhibit P2 A TRUE PHOTOCOPY OF THE NOTICE DT.27.01.2025 ISSUED BY THE 1ST RESPONDENT IS Exhibit P3 A TRUE PHOTOCOPY OF NOTICE BY ADVOCATE COMMISSIONER DATED.14.2.2025