{"id":44496,"date":"2010-12-02T00:00:00","date_gmt":"2010-12-01T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/santhakumari-vs-the-kollam-co-operative-urban-on-2-december-2010"},"modified":"2015-04-18T05:55:29","modified_gmt":"2015-04-18T00:25:29","slug":"santhakumari-vs-the-kollam-co-operative-urban-on-2-december-2010","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/santhakumari-vs-the-kollam-co-operative-urban-on-2-december-2010","title":{"rendered":"Santhakumari vs The Kollam Co-Operative Urban on 2 December, 2010"},"content":{"rendered":"<div class=\"docsource_main\">Kerala High Court<\/div>\n<div class=\"doc_title\">Santhakumari vs The Kollam Co-Operative Urban on 2 December, 2010<\/div>\n<pre>       \n\n  \n\n  \n\n \n \n  IN THE HIGH COURT OF KERALA AT ERNAKULAM\n\nWP(C).No. 32238 of 2010(D)\n\n\n1. SANTHAKUMARI, AGED 51 YEARS,\n                      ...  Petitioner\n\n                        Vs\n\n\n\n1. THE KOLLAM CO-OPERATIVE URBAN\n                       ...       Respondent\n\n2. THE AUTHORIZED OFFICER,\n\n3. DAYAK.B.S.,\n\n4. S.BALACHANDRAN,\n\n                For Petitioner  :SRI.C.RAJENDRAN\n\n                For Respondent  :SRI.N.DHARMADAN (SR.)\n\nThe Hon'ble MR. Justice C.K.ABDUL REHIM\n\n Dated :02\/12\/2010\n\n O R D E R\n                    C.K.ABDUL REHIM, J\n               ---------------------------------------\n                W.P(C) No.32238 of 2010-D\n               ----------------------------------------\n         Dated this the 2nd day of December, 2010.\n\n                        J U D G M E N T\n<\/pre>\n<p>     The petitioner is a guarantor with respect to a loan<\/p>\n<p>availed by the 4th respondent from the 1st respondent Bank.<\/p>\n<p>Immovable property belonging to the petitioner was<\/p>\n<p>mortgaged for securing the loan.            Consequent to default<\/p>\n<p>committed by the 4th respondent in repayment of the loan,<\/p>\n<p>the 1st respondent had initiated proceedings under the<\/p>\n<p>Securitization and Reconstruction of Financial Assets and<\/p>\n<p>Enforcement of Security Interest Act, 2002 (SARFAESI Act).<\/p>\n<p>Invoking provisions contained in Section 14(1) the Chief<\/p>\n<p>Judicial Magistrate Court was approached and that Court<\/p>\n<p>had appointed an Advocate Commissioner to take over<\/p>\n<p>possession of the immovable property. Ext.P3 is the notice<\/p>\n<p>issued by the Advocate Commissioner (3rd respondent).<\/p>\n<p>     2.   According to the petitioner, after availing the loan<\/p>\n<p>in question, the 4th respondent went to Gulf countries and<\/p>\n<p><span class=\"hidden_text\">W.P(C) No.32238 of 2010-D      2<\/span><\/p>\n<p>he met with an accident. Therefore the 4th respondent could<\/p>\n<p>not make payments in the loan account as per the schedule.<\/p>\n<p>However, it is conceded that the 4th respondent is the<\/p>\n<p>sister&#8217;s son of the petitioner.    The petitioner is seeking<\/p>\n<p>indulgence of this Court in directing the respondents to<\/p>\n<p>keep in abeyance further coercive steps against the<\/p>\n<p>property, on the basis of an undertaking that she will pay<\/p>\n<p>the entire amounts in a phased manner, with a view to save<\/p>\n<p>the property from being sold.\n<\/p>\n<p>     3.    Heard,      standing   counsel   appearing     for<\/p>\n<p>respondents 1 and 2.         It is stated that total amount<\/p>\n<p>outstanding in the loan account is more than Rs.2.32 lakhs<\/p>\n<p>and the loan in question is in chronic default. It is further<\/p>\n<p>stated that, neither the borrower nor the guarantor had<\/p>\n<p>taken any earnest efforts to pay off the liability inspite of<\/p>\n<p>repeated demands made.\n<\/p>\n<p>     4.    Considering the fact that the petitioner had not<\/p>\n<p>resorted to any of the statutory remedies available, at any<\/p>\n<p>stage of the proceedings initiated under the SARFAESI Act,<\/p>\n<p><span class=\"hidden_text\">W.P(C) No.32238 of 2010-D      3<\/span><\/p>\n<p>it is not just and proper for this Court to restrain<\/p>\n<p>respondents 1 and 2 from proceeding with the impugned<\/p>\n<p>steps. This is especially in view of the directive issued by<\/p>\n<p>the Hon&#8217;ble Supreme Court in United Bank of India V<\/p>\n<p>Sathyawati Tondon &amp; others (2010(8) SCC 110).<\/p>\n<p>     5.    However, learned counsel for the petitioner<\/p>\n<p>submitted that the petitioner is not intending to invoke any<\/p>\n<p>of the statutory remedies and that she is relinquishing all<\/p>\n<p>challenges against the proceedings. On the other hand, the<\/p>\n<p>limited prayer is only to permit the petitioner to make<\/p>\n<p>payment of the entire arrears within a reasonable time, in<\/p>\n<p>instalments, in order save the property from being sold. It<\/p>\n<p>is noticed that, pursuant to an interim order issued by this<\/p>\n<p>Court on 21.10.2010, the petitioner had remitted a sum of<\/p>\n<p>Rs.50,000\/-.\n<\/p>\n<p>     6.    Eventhough interference on merits is not proper, I<\/p>\n<p>am of the view that indulgence can be shown in permitting<\/p>\n<p>the petitioner to pay off the liability in instalments within a<\/p>\n<p>reasonable time.\n<\/p>\n<p><span class=\"hidden_text\">W.P(C) No.32238 of 2010-D     4<\/span><\/p>\n<p>     7.    Accordingly, the writ petition is disposed of<\/p>\n<p>directing respondents 1 to 3 to refrain from proceeding with<\/p>\n<p>any further steps on the basis of Ext.P3 notice, subject to<\/p>\n<p>condition of the petitioner remitting the entire balance<\/p>\n<p>outstanding along with interest if any due, in 10 (ten) equal<\/p>\n<p>monthly instalments falling due on or before 31.1.2011 and<\/p>\n<p>on or before the last day of succeeding months.<\/p>\n<p>     8.    It is made clear that on the event of default in<\/p>\n<p>payment of any one of the instalments the respondents will<\/p>\n<p>be free to proceed with further steps pursuant to the orders<\/p>\n<p>already issued by the Chief Judicial Magistrate Court. It is<\/p>\n<p>made clear that the above relief is granted subject to<\/p>\n<p>condition that the petitioner is precluded from raising any<\/p>\n<p>subsequent challenge against the proceedings.<\/p>\n<p>                                      Sd\/-\n<\/p>\n<p>                               C.K.ABDUL REHIM<br \/>\n                                    JUDGE<\/p>\n<p>                              \/\/True Copy\/\/<\/p>\n<p>                                          P.A to Judge<\/p>\n<p>ab<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kerala High Court Santhakumari vs The Kollam Co-Operative Urban on 2 December, 2010 IN THE HIGH COURT OF KERALA AT ERNAKULAM WP(C).No. 32238 of 2010(D) 1. SANTHAKUMARI, AGED 51 YEARS, &#8230; Petitioner Vs 1. THE KOLLAM CO-OPERATIVE URBAN &#8230; Respondent 2. THE AUTHORIZED OFFICER, 3. DAYAK.B.S., 4. S.BALACHANDRAN, For Petitioner :SRI.C.RAJENDRAN For Respondent :SRI.N.DHARMADAN (SR.) [&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-44496","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 v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Santhakumari vs The Kollam Co-Operative Urban on 2 December, 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\/santhakumari-vs-the-kollam-co-operative-urban-on-2-december-2010\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Santhakumari vs The Kollam Co-Operative Urban on 2 December, 2010 - Free Judgements of Supreme Court &amp; 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