IN THE HIGH COURT OF KERALA AT ERNAKULAM
WP(C) No. 31531 of 2007(D)
1. K.PUSHPA,
... Petitioner
Vs
1. THE AUTHORISED OFFICER
... Respondent
2. THE BRANCH MANAGER
For Petitioner :SRI.R.BINDU (SASTHAMANGALAM)
For Respondent :SRI.P.K.SURESH KUMAR
The Hon'ble MR. Justice ANTONY DOMINIC
Dated :28/11/2007
O R D E R
ANTONY DOMINIC, J.
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W.P.(C) No.31531 OF 2007 D
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Dated this the 28th day of November, 2007
J U D G M E N T
Proceedings initiated against the petitioner under the
Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act is under challenge. Counsel
for the Bank points out that the amount that is due presently is
about Rs.10 lakhs. Though the petitioner has raised several
contentions on the merits of the controversy, all that is pressed
before me is a prayer for granting an instalment facility to
discharge the liability.
2. After having heard the counsel for the Bank, who
objects to the prayer, I dispose of this writ petition directing that
the petitioner shall pay the amount that is due to the Bank in 6
equal monthly instalments commencing from 15th of December
2007 and the subsequent instalments will also be payable on the
15th of every succeeding month.
WPC No.31531/07
: 2 :
3. Subject to payment as above, proceedings initiated
against the petitioner shall not be continued and in case, the
petitioner commits default in paying any one of the instalments,
the Bank will be entitled to proceed, without further notice.
Writ petition is disposed of as above.
ANTONY DOMINIC, JUDGE.
Rp