{"id":223740,"date":"2020-01-01T16:15:01","date_gmt":"2020-01-01T10:45:01","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=223740"},"modified":"2020-01-03T11:34:28","modified_gmt":"2020-01-03T06:04:28","slug":"ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/","title":{"rendered":"Ker HC | Court entertains Art. 226 petition for last and final indulgence where alternate remedy under SARFAESI Act available"},"content":{"rendered":"

Kerala High Court: <\/b>Raja Vijayaraghavan V., J., disposed of this writ petition filed under Article 226 of the Constitution of India.<\/p>\n

The petitioner here is the accused in the suit filed under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The petitioner took a loan from the Co-operative Urban Bank Ltd (Respondent 1). The petitioner committed some default in the re-payment, hence the initial suit was filed under SARFAESI. The present petition is against the measures initiated under SARFAESI for recovery of the loan amount by the Bank. This Act enables the secured creditors to take possession of the securities of the defaulters, without any intervention of the Court and also alternatively to authorize any Securitization or Reconstruction Company to acquire financial assets of any Bank or Financial Institutions.\u00a0<\/span><\/p>\n

The counsel for the petitioner, K.V. Anil Kumar, contended that default was committed because of some reasons beyond the control of the petitioner. The only prayer of the petitioner is that some time may be granted so that he can clear all the arrears and regularize his account in the bank.<\/p>\n

The counsel for the respondent, Deepa Arun V., contended that the bank is only interested in realizing the arrears amounting to Rs 9,23,000, expeditiously.\u00a0<\/span><\/p>\n

The Court referred to the judgments of the Supreme Court- Union Bank of India v. Stayawati Tandon, <\/i>(2010) 8 SCC 110<\/a> and State Bank of Travancore v. Mathew K.C., <\/i>2018 (1) KLT 784. <\/i>The judgment in the above-mentioned case was that, where any alternate remedy is available, the petition under Article 226\u00a0 <\/span>should not be entertained by the High Court. Section 17 of the SARFAESI Act provides for the right to appeal. It enumerates that any person who is aggrieved by the measures referred in Section 13(4) of the Act shall make an application to the Debt Recovery Tribunal within 45 days from the date on which measures have been taken. Though the rule of exhaustion of alternate remedy is a rule of discretion and not one of compulsion.<\/p>\n

The Court held that it will be indulging for the last and final time as the respondents are also agreeable for an opportunity to salvage the property of the petitioner. Further, the Court directed the petitioner to deposit the total arrears in easy installments divided into 10 equal and monthly installments starting from 15-01-2020. Only after compliance with the said order, the bank account was supposed to be regularized. It was directed that the petitioner has to simultaneously pay regular EMIs without any default. In case of non- compliance on behalf of the petitioner, the benefit granted by this Court would stand vacated and the Bank will be entitled to proceed to recover the loan amount through the procedure stated in the SARFAESI Act. [Abdul Salam v. General Manager, Co-operative Urban Bank Ltd., 2019 SCC OnLine Ker 5762<\/b><\/a>, decided on 27-12-2019]<\/p>\n","protected":false},"excerpt":{"rendered":"

Kerala High Court: Raja Vijayaraghavan V., J., disposed of this writ petition filed under Article 226 of the Constitution of India. 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":[22204,3596],"class_list":["post-223740","post","type-post","status-publish","format-standard","hentry","category-casebriefs","category-highcourts","tag-alternate-remedy","tag-SARFAESI"],"yoast_head":"\nKer HC | Court entertains Art. 226 petition for last and final indulgence where alternate remedy under SARFAESI Act available | 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\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ker HC | Court entertains Art. 226 petition for last and final indulgence where alternate remedy under SARFAESI Act available\" \/>\n<meta property=\"og:description\" content=\"Kerala High Court: Raja Vijayaraghavan V., J., disposed of this writ petition filed under Article 226 of the Constitution of India. The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-01T10:45:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-03T06:04:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/KeralaHC-e1521442636157.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/\",\"name\":\"Ker HC | Court entertains Art. 226 petition for last and final indulgence where alternate remedy under SARFAESI Act available | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"datePublished\":\"2020-01-01T10:45:01+00:00\",\"dateModified\":\"2020-01-03T06:04:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ker HC | Court entertains Art. 226 petition for last and final indulgence where alternate remedy under SARFAESI Act available\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ker HC | Court entertains Art. 226 petition for last and final indulgence where alternate remedy under SARFAESI Act available | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/","og_locale":"en_US","og_type":"article","og_title":"Ker HC | Court entertains Art. 226 petition for last and final indulgence where alternate remedy under SARFAESI Act available","og_description":"Kerala High Court: Raja Vijayaraghavan V., J., disposed of this writ petition filed under Article 226 of the Constitution of India. The","og_url":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2020-01-01T10:45:01+00:00","article_modified_time":"2020-01-03T06:04:28+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/KeralaHC-e1521442636157.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/","url":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/","name":"Ker HC | Court entertains Art. 226 petition for last and final indulgence where alternate remedy under SARFAESI Act available | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"datePublished":"2020-01-01T10:45:01+00:00","dateModified":"2020-01-03T06:04:28+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/01\/ker-hc-court-entertains-art-226-petition-for-last-and-final-indulgence-where-alternate-remedy-under-sarfaesi-act-available\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Ker HC | Court entertains Art. 226 petition for last and final indulgence where alternate remedy under SARFAESI Act available"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":223865,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/06\/ker-hc-art-226-petition-against-sarfaesi-recovery-proceedings-entertained-court-gives-peremptory-orders-cannot-be-challenged-in-any-court-or-forum\/","url_meta":{"origin":223740,"position":0},"title":"Ker HC | Art. 226 petition against SARFAESI recovery proceedings entertained; Court gives peremptory orders, cannot be challenged in any Court or Forum","author":"Bhumika Indulia","date":"January 6, 2020","format":false,"excerpt":"Kerala High Court: C.S. Dias, J. disposed of a writ petition filed under Article 226 of the Constitution of India. The petitioner is the wife of one Senthil Kumar, accused under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The husband of the petitioner\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":[]},{"id":178884,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/12\/28\/no-proceedings-including-art-226-entertained-action-taken-sarfaesi-act\/","url_meta":{"origin":223740,"position":1},"title":"No proceedings including that under Art 226 should be entertained against action taken under SARFAESI Act","author":"Saba","date":"December 28, 2017","format":false,"excerpt":"High Court of Himachal Pradesh: A Division Bench comprising of Dharam Chand Chaudhary and Vivek Singh Thakur, JJ., dismissed a civil writ petition observing that no proceedings should be entertained against action taken under SARFAESI Act, 2002. The petitioner Society filed the petition praying that Respondent 3 Bank be restrained\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\/2019\/11\/Himachal-HC_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Himachal-HC_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Himachal-HC_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Himachal-HC_1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Himachal-HC_1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":212055,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/15\/madras-hc-writ-petition-challenging-sale-certificate-issued-in-proceedings-under-sarfaesi-act-not-maintainable\/","url_meta":{"origin":223740,"position":2},"title":"Madras HC | Writ petition challenging Sale Certificate issued in proceedings under SARFAESI Act not maintainable","author":"Bhumika Indulia","date":"March 15, 2019","format":false,"excerpt":"Madras High Court:\u00a0A Bench of V.K.Tahilramani, CJ and M. Duraiswamy, J. dismissed a writ petition filed under Article 226 seeking to quash the subject Sale Certificate issued by the Authorised Officer of IDBI Bank. The petition committed default in repaying the loan amount to IDBI Bank. Consequently, his property was\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":[]},{"id":222618,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/11\/28\/raj-hc-writ-petition-not-maintainable-against-s-14-of-sarfaesi-act-as-alternative-remedies-for-the-same-can-be-availed\/","url_meta":{"origin":223740,"position":3},"title":"Raj HC | Writ Petition not maintainable against S. 14 of SARFAESI Act as alternative remedies for the same can be availed","author":"Bhumika Indulia","date":"November 28, 2019","format":false,"excerpt":"Rajasthan High Court: Ashok Kumar Gaur, J. was hearing a petition on the issue pertaining to taking possession of the mortgaged property by the respondent bank. \u00a0 The petitioner filed a writ petition challenging an order passed under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement\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":[]},{"id":193937,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/03\/12\/tenants-right-approach-drt-s-174-sarfaesi-act\/","url_meta":{"origin":223740,"position":4},"title":"Tenants have a right to approach DRT under S. 17(4-A) of SARFAESI Act","author":"Saba","date":"March 12, 2018","format":false,"excerpt":"Karnataka High Court: A Single Judge Bench comprising of Vineet Kothari, J., decided a writ petition filed under Articles 226 and 227 of the Constitution, wherein a stay was granted on the possession notice issued by the respondent Bank to the petitioner, directing the petitioners to approach the Debt Recovery\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":[]},{"id":267159,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/05\/20\/writ-petition-not-maintainable-due-to-having-an-alternative-and-efficacious-remedy-under-s-17-of-the-sarfaesi-act\/","url_meta":{"origin":223740,"position":5},"title":"Raj HC | Writ Petition not maintainable due to having an alternative and efficacious remedy under S. 17 of the SARFAESI Act","author":"Editor","date":"May 20, 2022","format":false,"excerpt":"Rajasthan High Court: Mahendar Kumar Goyal, J. dismissed the writ petition in view of availability of alternative remedy to the petitioners under the provisions of the SARFAESI Act.\u00a0 The instant writ petition was filed by the borrowers for quashing the order dated 15-03-2022 passed by the Chief Metropolitan Magistrate, Jaipur\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\/223740","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=223740"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/223740\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=223740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=223740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=223740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}