Partly allowed
T.K. Gangan Menon v. Authorised Officer
Kerala HCWP(C)/4083/2021
Case brief
AI extract
What is this about?
In a writ petition, the court dealt with a case where an agriculturist borrower sought relief against coercive action under the SARFAESI Act. The petitioner cited agricultural losses and the pandemic. The court directed the petitioner to deposit Rs.2,50,000 and pay the balance in six instalments. Compliance would keep coercive action in abeyance.
What did the court decide?
Petitioner directed to deposit Rs.2,50,000 by end of March 2021 and pay balance in six EMIs; coercive action to stay during compliance; default will resume coercive action.