C. Saralakumari v. the Manager
Case brief
What is this about?
The High Court disposed of a writ petition challenging SARFAESI Act proceedings initiated by a bank for non-repayment of loans. The Court allowed a stay in exchange for a payment plan.
What did the court decide?
Petitioner to pay entire debt with interest in ten monthly instalments starting 01/08/2016; default permits bank to take legal steps.
What the court decided
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT:
THE HONOURABLE MR.JUSTICE A.M.SHAFFIQUE
THURSDAY, THE 30TH DAY OF JUNE 2016/9TH ASHADHA, 1938
WP(C).No. 797 of 2016 (Y)
PETITIONER(S):
C. SARALAKUMARI, AGED 65 YEARS, W/O.T. SREEDHARAN NAIR, TC- 24/1354, KIZHAKKE, PARAMESHWARA VILASOM, SHANGUCHAKRAM LANE, THYCAUD P.O, THIRUVANANTHAPURAM- 695 014.
BY ADV. SMT.KEERTHI SOLOMON.
RESPONDENT(S):
1. THE MANAGER, REPCO BANK (GOVERNMENT OF INDIA ENTERPRISE), ''REPCO TOWER'', 33, NORTH USMAN ROAD, T. NAGAR, CHENNAI -600 017.
2. THE CHIEF MANAGER, REPCO BANK (GOVERNMENT OF INDIA ENTERPRISE), THAMPANOOR, THIRUVANANTHAPURAM- 695 001.
Issues for consideration
1 issue framed by the court
Whether to dispose of the writ petition filed against recovery proceedings initiated under the SARFAESI Act.
Parties & counsel
- petitioner
C. SARALAKUMARI
- respondent
REPCO BANK
Coram
A.M. SHAFFIQUE
Case details
As recorded by the court registry
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