Case Law Details
Case Name : Kerala Remedies Vs Union of India (Kerala High Court)
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All High Courts Kerala High Court
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Kerala Remedies Vs Union of India (Kerala High Court)
This case involves Kerala Remedies contesting coercive proceedings initiated by DCB Bank for the recovery of a financial advance under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The petitioners received a business loan of ₹58 lakhs in 2019 but faced difficulties in repayment due to factors like floods and the COVID-19 pandemic.
The petitioners requested the bank to allow them to repay the overdue amounts in easy monthly instalments, but the bank proceeded wi
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