{"id":202350,"date":"2010-10-20T00:00:00","date_gmt":"2010-10-19T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/sandhya-s-nair-vs-state-bank-of-travancore-on-20-october-2010"},"modified":"2014-06-20T18:37:16","modified_gmt":"2014-06-20T13:07:16","slug":"sandhya-s-nair-vs-state-bank-of-travancore-on-20-october-2010","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/sandhya-s-nair-vs-state-bank-of-travancore-on-20-october-2010","title":{"rendered":"Sandhya.S.Nair vs State Bank Of Travancore on 20 October, 2010"},"content":{"rendered":"<div class=\"docsource_main\">Kerala High Court<\/div>\n<div class=\"doc_title\">Sandhya.S.Nair vs State Bank Of Travancore on 20 October, 2010<\/div>\n<pre>       \n\n  \n\n  \n\n \n \n  IN THE HIGH COURT OF KERALA AT ERNAKULAM\n\nWP(C).No. 27515 of 2010(L)\n\n\n1. SANDHYA.S.NAIR, MADATHIL VEEDU,\n                      ...  Petitioner\n\n                        Vs\n\n\n\n1. STATE BANK OF TRAVANCORE, REGION II,\n                       ...       Respondent\n\n2. THE BRANCH MANAGER, STATE BANK OF\n\n3. P.S.SANTHOSH KUMAR, P.S.BHAVAN,\n\n                For Petitioner  :SRI.ANIL K.NARENDRAN\n\n                For Respondent  : No Appearance\n\nThe Hon'ble MR. Justice C.K.ABDUL REHIM\n\n Dated :20\/10\/2010\n\n O R D E R\n                  C.K.ABDUL REHIM, J.\n\n               -------------------------------------------\n                 W.P.(C).No.27515 of 2010\n               -------------------------------------------\n\n          Dated this the 20th day of October, 2010\n\n\n                       J U D G M E N T\n<\/pre>\n<p>                       &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-\n<\/p>\n<p>          The 3rd respondent is the former husband of<\/p>\n<p>the petitioner. Immovable property having an extent of<\/p>\n<p>4 Ares (9.9 cents) covered under Ext.P1 settlement deed<\/p>\n<p>was in the joint name of the petitioner and the 3rd<\/p>\n<p>respondent.     Subsequently the rights of the 3rd<\/p>\n<p>respondent in the property was released in favour of the<\/p>\n<p>petitioner by virtue of Ext.P2 deed, executed on<\/p>\n<p>8.6.2007.   As a consequence of the strained marital<\/p>\n<p>relationship the petitioner was compelled to approach<\/p>\n<p>the Family Court, Thiruvananthapuram seeking divorce.<\/p>\n<p>Claim was also raised for realising various amounts due<\/p>\n<p>from the 3rd respondent, to the tune of Rs.67,76,370\/-.<\/p>\n<p>By virtue of Ext.P3 judgment, the Family Court allowed<\/p>\n<p>the divorce and decree was passed permitting the<\/p>\n<p>petitioner to realise the above said amount from the 3rd<\/p>\n<p>W.P.(C).27515\/10-L            -2-\n<\/p>\n<p>respondent.\n<\/p>\n<p>      2.    The issue involved in this writ petition pertains to<\/p>\n<p>Medium Term Loan (Housing Loan) availed by the 3rd<\/p>\n<p>respondent from the 1st respondent Bank, during the year<\/p>\n<p>2001. Consequent to default committed in repaying the<\/p>\n<p>amounts, respondents 1 and 2 had initiated proceedings<\/p>\n<p>under the Securitisation and Reconstruction of Financial<\/p>\n<p>Assets and Enforcement of Security Interest Act, 2002<\/p>\n<p>(SARFAESI Act) against the property covered under<\/p>\n<p>Ext.P1 &amp; P2 which is the secured asset with respect to the<\/p>\n<p>loan transaction. Ext.P4 is the copy of notice issued under<\/p>\n<p>Section 13(2). It is stated that on receipt of Ext.P4 the<\/p>\n<p>petitioner had approached the respondents 1 and 2 by<\/p>\n<p>submitting Ext.P5 representation. Contents of Ext.P5 is to<\/p>\n<p>the effect that, the petitioner was not having any direct<\/p>\n<p>knowledge regarding the loan transaction and that her free<\/p>\n<p>consent was not there while creating the mortgage.<\/p>\n<p>However, request was to postpone further coercive steps on<\/p>\n<p>the promise that the petitioner will pay off the liability in<\/p>\n<p>W.P.(C).27515\/10-L            -3-\n<\/p>\n<p>order to save the property from being sold. Ext.P6 is the<\/p>\n<p>reply issued by the 1st respondent considering the said<\/p>\n<p>request. It was informed that the Bank is unable to accede<\/p>\n<p>to any such request of the petitioner, since the loan<\/p>\n<p>account in question was treated as NPA as per the<\/p>\n<p>guidelines of the Reserve Bank of India and since the<\/p>\n<p>borrower has not cared to make payment of the amounts<\/p>\n<p>due even after receipt of notice under Section 13(2).<\/p>\n<p>      3.    Eventhough various grounds are raised in this<\/p>\n<p>writ petition touching validity of the mortgage created,<\/p>\n<p>learned counsel for petitioner conceded that the petitioner<\/p>\n<p>is not intending to pursue such challenges, provided the<\/p>\n<p>petitioner is permitted to pay off the entire liability within a<\/p>\n<p>reasonable time, in installments, without prejudice to her<\/p>\n<p>rights to recover the amounts from the 3rd respondent.<\/p>\n<p>      4.    Learned counsel for respondents 1 and 2, on the<\/p>\n<p>basis of instructions submitted that, the loan in question<\/p>\n<p>was availed as early as in the year 2001 and there was<\/p>\n<p>chronic default in repayments. The arrears outstanding<\/p>\n<p>W.P.(C).27515\/10-L            -4-\n<\/p>\n<p>payment is around Rs.13.18 lakhs, is the submission. It is<\/p>\n<p>noticed that as a gesture of indulgence, when the writ<\/p>\n<p>petition came up for consideration, this court directed the<\/p>\n<p>petitioner to remit a sum of Rs.3 lakhs. Admittedly the<\/p>\n<p>amount was remitted on 15.9.2010.\n<\/p>\n<p>      5.    Considering the facts and circumstances, I am not<\/p>\n<p>at all inclined to interfere with the SARFAESI proceedings<\/p>\n<p>on the basis of the contentions, especially in view of the<\/p>\n<p>alternate remedy provided under the statute. However, I<\/p>\n<p>am of the opinion that indulgence can be shown in the<\/p>\n<p>matter of permitting the petitioner to pay off the entire<\/p>\n<p>liability within a reasonable period.\n<\/p>\n<p>      6.    Accordingly the writ petition is disposed of<\/p>\n<p>directing the respondents 1 and 2 to keep further<\/p>\n<p>proceedings of recovery pursuant to Ext.P4 notice in<\/p>\n<p>abeyance, provided the petitioner pays the entire liability<\/p>\n<p>along with interest due thereon, in 4 equal monthly<\/p>\n<p>installments, falling due on or before 30.11.2010 and on or<\/p>\n<p>before the last day of the succeeding months.<\/p>\n<p>W.P.(C).27515\/10-L              -5-\n<\/p>\n<\/p>\n<p>      7. In view of Ext.P2 release deed, respondents 1 and 2<\/p>\n<p>are directed to release the title deeds and other documents<\/p>\n<p>kept in their custody pursuant to the mortgage created, to<\/p>\n<p>the petitioner, once the entire balance is cleared payment.<\/p>\n<p>      8.    It is made clear that payment of amounts if any<\/p>\n<p>made by the petitioner will be without prejudice to her<\/p>\n<p>rights of the petitioner to enforce Ext.P3 judgment passed<\/p>\n<p>by the Family Court, against the 3rd respondent.<\/p>\n<p>      9.    It is also made clear that on the event of default in<\/p>\n<p>payment of any of the amounts as directed above the<\/p>\n<p>respondents will be free to proceed with further steps of<\/p>\n<p>recovery and on such event the petitioner is precluded from<\/p>\n<p>raising any subsequent challenge.\n<\/p>\n<\/p>\n<p>                           C.K.ABDUL REHIM, JUDGE.\n<\/p>\n<p>okb<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kerala High Court Sandhya.S.Nair vs State Bank Of Travancore on 20 October, 2010 IN THE HIGH COURT OF KERALA AT ERNAKULAM WP(C).No. 27515 of 2010(L) 1. SANDHYA.S.NAIR, MADATHIL VEEDU, &#8230; Petitioner Vs 1. STATE BANK OF TRAVANCORE, REGION II, &#8230; Respondent 2. THE BRANCH MANAGER, STATE BANK OF 3. P.S.SANTHOSH KUMAR, P.S.BHAVAN, For Petitioner :SRI.ANIL [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,21],"tags":[],"class_list":["post-202350","post","type-post","status-publish","format-standard","hentry","category-high-court","category-kerala-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sandhya.S.Nair vs State Bank Of Travancore on 20 October, 2010 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/sandhya-s-nair-vs-state-bank-of-travancore-on-20-october-2010\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sandhya.S.Nair vs State Bank Of Travancore on 20 October, 2010 - Free Judgements of Supreme Court &amp; 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