A.V.Francis vs Uco Bank on 14 November, 2008

       

  

  

 
 
  IN THE HIGH COURT OF KERALA AT ERNAKULAM

RP.No. 1210 of 2008(B)


1. A.V.FRANCIS, RESIDING AT ARAKKAL HOUSE,
                      ...  Petitioner

                        Vs



1. UCO BANK, THRISSUR BRANCH, SWARAJ
                       ...       Respondent

2. AUTHORISED OFFICER, UCO BANK,

                For Petitioner  :SRI.C.VALSALAN

                For Respondent  : No Appearance

The Hon'ble MR. Justice THOTTATHIL B.RADHAKRISHNAN

 Dated :14/11/2008

 O R D E R

THOTTATHIL B. RADHAKRISHNAN, J.

= = = = = = = = = = = = = = = = = = = = = = = =

R.P.No.1210 of 2008

= = = = = = = = = = = = = = = = = = = = = = = =

Dated this the 14th day of November, 2008.

0 R D E R

The petitioner challenged proceedings taken under

the SARFAESI Act. The judgment sought to be

reviewed was issued directing that amounts shall

be paid as stated therein. This does not,

however, exclude the petitioner and the bank from

working out any private settlement of the

transaction, including by private sale of a

portion, if it is viable and acceptable to the

bank. The deposits as required by the judgment

are necessary only if the benefit of the judgment

is to be sustained. The review petition is

ordered accordingly.

THOTTATHIL B. RADHAKRISHNAN,
JUDGE.

Sha/