IN THE HIGH COURT OF KERALA AT ERNAKULAM
WP(C).No. 24305 of 2008(R)
1. NISSAR.A., 38 YEARS, S/O.ABDUL JABBAR
... Petitioner
2. M.A.RAVI, 34 YEARS, S/O.ABDUL JABBAR,
Vs
1. TAMILNAD MERCANBLE BANK LTD.,
... Respondent
2. AUTHORISED OFFICER, TAMILNAD MERCANBLE
For Petitioner :SRI.V.S.AFSAL KHAN
For Respondent :SRI.V.V.SURENDRAN
The Hon'ble MR. Justice S.SIRI JAGAN
Dated :20/08/2008
O R D E R
S.SIRI JAGAN, J
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W.P(C)No.24305 of 2008
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Dated this the 20th day of August, 2008.
J U D G M E N T
The petitioners are defaulters in repayment of loan
amounts due to the 1st respondent Bank. The Bank initiated
proceedings under the Securitisation and Reconstruction of
Financial Assets and Enforcement of Security Interest Act,
2002, for recovery of the amounts due from the petitioners.
The petitioners challenged the same before the Debts Recovery
Tribunal, Ernakulam, in an appeal under Section 17 of the Act.
The appeal was dismissed by the Tribunal permitting the
petitioners to pay the loan amounts in instalments. The
petitioner requested the Tribunal for extension of time, which
was not declined.
2. In the above circumstances, the petitioner has
approached this court with this writ petition seeking further
time to pay the amounts. I do not think that such claim can be
ordinarily entertained. However, taking a lenient view, I grant
time till 31.8.2008 for payment of amount, purely as a matter
of indulgence failing which all the consequences will
automatically follow.
The writ petition is disposed of as above.
S.SIRI JAGAN, JUDGE
rhs