2025:KER:31980 IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR. JUSTICE GOPINATH P. THURSDAY, THE 10TH DAY OF APRIL 2025 / 20TH CHAITHRA, 1947 WP(C) NO. 13570 OF 2025 PETITIONER: SATHI DEVI, AGED 55 YEARS, W/O RAVEENDRAN, RESIDING AT SATHIVILLA,19/943, CHEMBAKA HOUSING COLONY, CHALAPPURAM S.O, KOZHIKODE, PIN – 673002. BY ADVS. S.K.ADHITHYAN SHAHINA NOUSHAD REUBEN CHARLY VYSHNAV S. NAIR RESPONDENTS: 1 KERALA STATE COOPERATIVE BANK, KOZHIKODE REGIONAL OFFICE, KALLAI ROAD, CHALAPPURAM P.O,KOZHIKKODE, PIN – 673002. 2 THE MANAGER, KERALA STATE COOPERATIVE BANK,KOZHIKODE REGIONAL OFFICE,KALLAI ROAD, CHALAPPURAM P.O,KOZHIKKODE, PIN – 673002. SRI. P.C.SASIDHARAN,SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 10.04.2025, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: WP(C) NO. 13570 OF 2025 2 2025:KER:31980 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 mortgage loan and the overdue amount as on 03.04.2025 is Rs.2,62,311/-(Rupees two lakhs sixty two thousand three hundred and eleven 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. 4. Having regard to the circumstances of the case and WP(C) NO. 13570 OF 2025 3 2025:KER:31980 the submissions made as recorded above, I am of the view that the petitioner can be granted an opportunity to repay the overdue amount along with any accrued interest, costs and charges in 12 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.2,62,311/-(Rupees two lakhs sixty two thousand three hundred and eleven only) 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.2,62,311/-(Rupees two lakhs sixty two thousand three hundred and eleven only) along with any accrued interest, costs and charges in 12 equated monthly instalments; ii. The first instalment shall be paid on or before 30.04.2025 and the subsequent instalments shall be paid on or before the last working 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; WP(C) NO. 13570 OF 2025 4 2025:KER:31980 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 DK WP(C) NO. 13570 OF 2025 5 2025:KER:31980 APPENDIX OF WP(C) 13570/2025 PETITIONER EXHIBITS Exhibit P1 TRUE COPY OF THE LAND TAX RECEIPT Exhibit P2 TRUE COPY OF THE NOTICE ISSUED BY THE 1ST RESPONDENT DATED 08.01.2025 ALONG WITH TYPED COPY