IN THE HIGH COURT OF KERALA AT ERNAKULAM
WP(C) No. 8501 of 2008(K)
1. M. BABU, CHALLAPADANNAYIL
... Petitioner
Vs
1. MANAGER, STATE BANK OF TRAVANCORE
... Respondent
2. THE AUTHORIZED OFFICER
3. THE DISTRICT COLLECTOR, KOLLAM.
4. THE STATE OF KERALA REPRESENTED BY
For Petitioner :SRI.R.BINDU (SASTHAMANGALAM)
For Respondent :SRI.SATHISH NINAN
The Hon'ble MR. Justice ANTONY DOMINIC
Dated :27/03/2008
O R D E R
ANTONY DOMINIC, J.
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W.P.(C) NO. 8501 OF 2008 K
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Dated this the 27th day of March, 2008
J U D G M E N T
In this writ petition challenging the Securitisation proceedings,
petitioner has not made out a case for interference on the merits. At that
stage, counsel for the petitioner confines his request to an instalment
facility.
2. Counsel for the Bank opposes the same on the ground that
the unit itself is not functioning and therefore, petitioner has no intention
to revive the unit.
3. Be that as it may, now that the petitioner only seeks a limited
relief, I direct that the petitioner may discharge the liability that is due to
the Bank in six equal monthly instalments, first of which will be payable on
or before 15/4/2008 and the subsequent instalments will be payable
before the 15th of every succeeding month.
4. Subject to payment as above, further proceedings will stand
deferred and in case default is committed, the Bank will be free to
continue the proceedings that it has already initiated.
Writ petition is disposed of as above.
ANTONY DOMINIC,JUDGE.
Rp