{"id":219767,"date":"2019-09-20T17:00:14","date_gmt":"2019-09-20T11:30:14","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=219767"},"modified":"2019-09-26T11:26:41","modified_gmt":"2019-09-26T05:56:41","slug":"ker-hc-court-allows-party-for-remitting-the-arrears-in-payment-directs-respondents-are-at-a-liberty-in-the-event-of-non-payment","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/09\/20\/ker-hc-court-allows-party-for-remitting-the-arrears-in-payment-directs-respondents-are-at-a-liberty-in-the-event-of-non-payment\/","title":{"rendered":"Ker HC | Court allows party for remitting the arrears in payment; directs respondents are at liberty in the event of non payment"},"content":{"rendered":"

Kerala High Court:<\/strong> N. Nagaresh, J. disposed of a writ petition seeking to recover the amount due to be received from the properties auctioned.<\/p>\n

In the present case, the petitioners 1 and 2 were subscribers to a Chitty and in order to invest in their business, they participated in various auctions. Properties were purchased in installments, however, repayment of the installments defaulted. The 2nd<\/sup> Respondent initiated action against the petitioners under the Revenue Recovery Act.<\/p>\n

The counsel representing the petitioners, Sakir K.H had submitted that the amount sought to be recovered from the properties would fetch more than the amount due to the 1st<\/sup> respondent and if auction of the entire properties are conducted in pursuance of revenue recovery proceedings, it would put the petitioners in a position of irrecoverable loss and injury. The counsel expressed the petitioner\u2019s willingness to discharge their liabilities provided the installment facilities are given to them for remitting their dues.<\/p>\n

The standing counsel for the respondents, Anil Kumar submitted the amount that would cover the arrears.<\/p>\n

High Court upon perusal of the facts and circumstances disposed the writ petition and permitted to remit the arrears towards the chitties and the loan in twenty equal monthly installments. The Court also directed that upon two payment defaults the respondents will be at liberty to proceed against the petitioners.[Prakasan C.K v. Kerala State Financial Enterprises Ltd., 2019 SCC OnLine Ker 2931<\/b><\/a>, decided on 17-09-2019]<\/p>\n","protected":false},"excerpt":{"rendered":"

Kerala High Court: N. Nagaresh, J. disposed of a writ petition seeking to recover the amount due to be received from the <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,10],"tags":[2831,32831,32371,37661,37660],"class_list":["post-219767","post","type-post","status-publish","format-standard","hentry","category-casebriefs","category-highcourts","tag-Auction","tag-installments","tag-properties","tag-revenue-recovery-act","tag-revenue-recovery-proceedings"],"yoast_head":"\nKer HC | Court allows party for remitting the arrears in payment; directs respondents are at liberty in the event of non payment | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2019\/09\/20\/ker-hc-court-allows-party-for-remitting-the-arrears-in-payment-directs-respondents-are-at-a-liberty-in-the-event-of-non-payment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ker HC | Court allows party for remitting the arrears in payment; directs respondents are at liberty in the event of non payment\" \/>\n<meta property=\"og:description\" content=\"Kerala High Court: N. 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Among other directions, the Court has directed MEP Infrastructure to refrain from taking any action towards\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":293315,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/29\/banks-using-recovery-agents-to-forcibly-seize-vehicles-is-illegal-patna-high-court-legal-news\/","url_meta":{"origin":219767,"position":4},"title":"Banks, Financial Institutions using recovery agents to forcibly seize vehicles over non-payment of loan is illegal: Patna High Court","author":"Simranjeet","date":"May 29, 2023","format":false,"excerpt":"The right to recovery of the Banks and Financial Institutions if pitted against the constitutional right of life of a person to live with dignity and not to be deprived of without following the established procedure of law, the constitutional rights of the person shall prevail.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"patna high court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/patna-high-court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/patna-high-court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/patna-high-court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/patna-high-court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":232028,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/10\/kar-hc-court-directs-rbi-to-monitor-implementation-of-the-circular-relating-to-regulatory-package-during-covid-times\/","url_meta":{"origin":219767,"position":5},"title":"Kar HC | Court directs RBI to monitor implementation of the Circular relating to regulatory package during COVID times","author":"Bhumika Indulia","date":"July 10, 2020","format":false,"excerpt":"Karnataka High Court: Suraj Govindaraj, J., dealt with a petition which was filed in order to enforce the regulatory package announced by the RBI by issuing directions to the RBI to\u00a0 monitor the implementation of the Circular, including verification\u00a0 of whether there are Board-approved policies formulated by each of the\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/219767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=219767"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/219767\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=219767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=219767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=219767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}