IN THE HIGH COURT OF KERALA AT ERNAKULAM
WP(C).No. 30014 of 2008(W)
1. VARGHESE CHACKO, S/O CHACKO, AGED 54
... Petitioner
Vs
1. THE BRANCH MANAGER,
... Respondent
2. STATE BANK OF TRAVANCORE,
For Petitioner :SRI.G.HARIHARAN
For Respondent :SRI.SATHISH NINAN,SC FOR SBT.
The Hon'ble MR. Justice V.GIRI
Dated :22/10/2008
O R D E R
V.GIRI,J.
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W.P ( C) No.30014 of 2008
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Dated this the 22nd October, 2008
J U D G M E N T
Petitioner stood as a guarantor for a cash credit
facility availed by his Brother from the Chenkara Branch
of the 2nd respondent Bank. According to him, he had
undertaken to clear the arrears incurred by the defaulter
for the purpose of getting the title deeds of his mortgaged
property. The grievance of the petitioner is that in spite
of having remitted the arrears, according to him, the
Bank has not returned the title deeds. Hence the writ
petition.
Sri.Sathish Ninan, learned standing counsel for the
State Bank of Travancore submits that the same property
which was offered as security for a loan availed by his
brother was also offered as security for another. The
arrears in relation to the said loan account was actually
cleared only on 13.10.2008, i.e. the date on which the
petitioner instituted the instant writ petition. The Bank
W.P ( C) No.30014 of 2008
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requires some time to process the request. This shall be
done at the earliest and the title deeds deposited by the
petitioner shall be returned, as early as possible, at any
rate, within two weeks from the date of receipt of a copy of
this judgment. Submission is recorded. The writ petition is
closed.
(V.GIRI,JUDGE)
ma
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