Home Loan Regularisation Order for Rs 15 Lakh

Authority: Hon'ble Manoj Kumar Tiwari, J.

Order Date: 17.06.2026

Case Overview

• Petitioner obtained a home loan of Rs 15 lakh from respondent No. 2 in 2023 and subsequently defaulted on certain instalments.
• Respondent No. 2 initiated proceedings under the SARFAESI Act and obtained a possession order under Section 14, which the petitioner challenged through a writ petition.
• The petitioner, citing personal problems, expressed willingness to regularise the loan by paying the overdue instalments; respondent No. 2 stated it had no objection provided the loan is regularised.

Final Outcome

• The Court disposed of the writ petition by permitting the petitioner to make a representation to the competent authority of respondent No. 2.
• The petitioner must submit the representation within one week and deposit Rs 1 lakh as a show of bonafide intent.
• The competent authority shall consider the petitioner’s prayer for a reasonable time to regularise the loan account.

Topics: SARFAESI, Home Loan, Legal Relief