JUDGMENT : P. V. Balakrishnan, J. It is aggrieved by the coercive action taken by the respondent under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as the ‘SARFAESI Act' for short), this writ petition has been preferred by the petitioner. 2. Heard the learned counsel for the petitioner and the learned Standing Counsel for the respondent. 3. The learned counsel for the respondent submitted that the bank has no objection in permitting the petitioner to clear the entire outstanding amount, by way of installments since, the same is only beneficial to it. He also submitted that the total outstanding amount as on 21.05.2026 is Rs.53,47,313/- (Rupees fifty three lakhs forty seven thousand three hundred and thirteen only). 4. Hence, considering the submissions made by the learned counsel for the respondent and the facts and circumstances of this case, I am of the view that the petitioner can be granted an opportunity to clear the entire outstanding amount of Rs.53,47,313/- (Rupees fifty three lakhs forty seven thousand three hundred and thirteen only), along with any accrued interest, costs and charges on the following conditions. (i) The petitioner shall remit a sum of Rs.5,00,000/-(Rupees five lakhs only) on or before 10.06.2026 to the bank, (ii) Thereafter, the petitioner shall remit the balance outstanding amount, along with any accrued interest, costs and charges in 6 equal monthly installments commencing from July, 2026 and such payments shall be made on or before 15 th of every month; (iii) If the petitioner complies with the afore conditions, no coercive steps shall be taken by the respondent and in the event of default of any one condition, the respondent can continue with the coercive steps already taken as per law. This writ petition is disposed of as above.