IN THE HIGH COURT OF KERALA AT ERNAKULAM
WP(C).No. 14618 of 2008(M)
1. RADHAKRISHNAN A.,
... Petitioner
Vs
1. BRANCH MANAGER,
... Respondent
2. CHIEF MANAGER,
3. GENERAL MANAGER,
For Petitioner :SRI.S.MUHAMMED HANEEFF
For Respondent :SRI.M.PATHROSE MATTHAI (SR.)
The Hon'ble MR. Justice ANTONY DOMINIC
Dated :09/06/2008
O R D E R
ANTONY DOMINIC, J.
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W.P.(C) NO. 14618 OF 2008 M
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Dated this the 9th day of June, 2008
J U D G M E N T
In this writ petition, petitioner is facing proceedings under the
Securitisation and Reconstruction of Financial Assets and Enforcement of
Security Interest Act, 2002. He submits that though an amount equivalent
to the loan availed of has already been paid, still for the interest liability
the Bank is initiating coercive action, which has reached the stage of
taking over possession of the mortgaged property. At that stage seeking
time for liquidating the liability by disposal of the mortgaged property,
petitioner has filed Ext.P3 to the 3rd respondent and seeks a direction to
the 3rd respondent to pass orders thereon.
2. In view of the limited nature of the relief that is sought for by
the writ petitioner, I see no reason to decline the same. Accordingly, I
direct that the 3rd respondent shall forward Ext.P3 to the 2nd respondent,
the Competent Authority to take up and consider Ext.P3, if the same has
been received and is pending. On its receipt the 2nd respondent consider
Ext.P3 and pass orders thereon, as expeditiously as possible, at any rate
within one month of production of a copy of this judgment.
WPC 14618/08
:2 :
Petitioner shall produce a copy of this judgment before the 2nd and
3rd respondents for compliance.
ANTONY DOMINIC
JUDGE
Rp