Allowed
Pushparajan v. State of Kerala
Kerala HCWP(C)/2369/2015
Case brief
AI extract
What is this about?
In a writ petition challenged under the SARFAESI Act regarding a defaulted housing loan, the petitioner expressed willingness to repay the amount in instalments. The court showed indulgence and disposed of the petition by directing the petitioner to pay the entire amount with accrued interest in 12 equal monthly instalments, ensuring the bank can take legal steps in case of default.
What did the court decide?
The petitioner shall pay the entire amount with accrued interest in 12 equal monthly instalments starting from 22/7/2016; default permits the bank to take steps in accordance with law.