The 1st petitioner is the mother of petitioners 2 and 3, and
the 4th petitioner is her daughter-in-law. The borrower had availed a
housing loan of Rs.8,00,000/- on 25.04.2014, for which the 1st
petitioner and her late husband stood as guarantors by mortgaging
property situated in Kumaramangalam Village. The borrower had
also availed an Agricultural Credit Facility of Rs.11.6 lakhs. The
loan instalments were paid regularly till October 2023, but
subsequent defaults occurred due to prolonged illness,
hospitalization, and financial hardship. Thereafter, the respondents
initiated revenue recovery proceedings under the SARFAESI Act,
including steps for taking physical possession of the secured asset.
WP(C) NO. 5430 OF 2026
2026:KER:17727
Aggrieved by the said proceedings, the petitioners have approached
this Court.