K.R.Narayanan Nair vs State Bank Of Travancore on 7 April, 2009

       

  

  

 
 
  IN THE HIGH COURT OF KERALA AT ERNAKULAM

WP(C).No. 10743 of 2009(K)


1. K.R.NARAYANAN NAIR,
                      ...  Petitioner
2. LAILA N.NAIR,

                        Vs



1. STATE BANK OF TRAVANCORE,
                       ...       Respondent

2. ASST. GENERAL MANAGER IV (K),

                For Petitioner  :SRI.K.SASIKUMAR

                For Respondent  : No Appearance

The Hon'ble MR. Justice THOTTATHIL B.RADHAKRISHNAN

 Dated :07/04/2009

 O R D E R
               THOTTATHIL B RADHAKRISHNAN, J
                  ...........................................
                 WP(C).NO. 10743                OF 2009
                  ............................................
          DATED THIS THE 7TH DAY OF APRIL, 2009

                                JUDGMENT

The petitioner availed a suvidha loan from the first

respondent, repayable in 84 months. On default in payment, the

bank has initiated SARFAESI Act proceedings. Learned counsel for

the bank states that if the petitioner makes a request for

compromise in terms of the bank’s schemes and also pay a

portion of the amount, the bank will consider that request.

Recording this, it is ordered that if the petitioner makes a

representation as aforesaid and deposits an amount of

Rs.1,00,000/-, the bank will consider the request of the

petitioner, provided such deposit is made within a period of three

weeks from now.

THOTTATHIL B RADHAKRISHNAN,
JUDGE

lgk/7/4