Partly allowed
Noushad v, v. the Authorized Officer, Indusind Bank Ltd.
Kerala HCWP(C)/1918/2023
Case brief
AI extract
What is this about?
This writ petition challenged a bank proposal to sell a seized vehicle due to non-payment. The court directed the petitioner to pay the overdue amount within one month to regularize the loan and recover the vehicle, allowing the bank to proceed with the sale if the amount remains unpaid.
What did the court decide?
Petitioner directed to pay ₹1,56,346.60 within one month; upon payment, respondent to regularize loan and release vehicle; otherwise, respondent may sell the vehicle.