IN THE HIGH COURT OF KERALA AT ERNAKULAM
WP(C) No. 9837 of 2008(U)
1. THANKACHAN O.P., OLICKAL HOUSE
... Petitioner
2. SABU O.P., OLICKAL HOUSE
3. O.D. POULOSE, OLICKAL HOUSE
Vs
1. BRANCH MANAGER, STATE BANK OF TRAVANCORE
... Respondent
2. THE AUTHORISED OFFICER
For Petitioner :SRI.LATHEESH SEBASTIAN
For Respondent :SRI.SATHISH NINAN
The Hon'ble MR. Justice ANTONY DOMINIC
Dated :08/04/2008
O R D E R
ANTONY DOMINIC, J.
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W.P.(C) NO. 9837 OF 2008 U
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Dated this the 8th day of April, 2008
J U D G M E N T
In this writ petition, proceedings initiated under the Securitisation
and Reconstruction of Financial Assets and Enforcement of Security
Interest Act, 2002 is under challenge. Though the proceedings have
reached the stage of 13(4), in view of the objections that have been raised
by the petitioners against the proceedings that have been initiated, the
Bank offers to reconsider the steps it has taken only if the petitioners files
their objections to 13(2)notice, which they did not do so far.
Accordingly, this writ petition is disposed of directing that it will be
open to the petitioners to file their objections to the 13(2) notice that the
Bank has issued. If the petitioners file their objections within three weeks
from now, the Bank will consider the matter in the light of the objections
so raised before proceeding further.
ANTONY DOMINIC,JUDGE.
Rp