IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC MONDAY, THE 17TH MARCH 2008 / 27TH PHALGUNA 1929 W.P(C).No. 8068 of 2008(I) -------------------------------- PETITIONER: -------------- M.K.RAVI, S/O.KOCHAYYAPPAN, MADAPPATTIL HOUSE, ASTAMICHIRA, CHALAKKUDY, TRISSUR. BY ADV. SMT.S.MUMTAZ RESPONDENTS: ----------------- 1. STATE BANK OF INDIA, CHALAKKUDY TOWN BANK, REPRESENTED BY THE BRANCH MANAGER, CHALAKKUDY, TRISSUR. 2. CHIEF MANAGER (CSC), STATE BANK OF INDIA, REGIONAL BUSINESS OFFICE, BHARATHAKSHEMAM BUILDING, ST.THOMAS COLLEGE ROAD, TRISSUR. BY ADV. SRI. CHANDRAN PILLAIU, SC FOR SBY THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 17/03/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. = = = = = = = = = = = = = = W.P.(C) No. 8068 OF 2008 - I = = = = = = = = = = = = = = Dated this the 17th day of March, 2008 J U D G M E N T The proceedings initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 is under challenge. Counsel for the petitioner only seeks an instalment facility to discharge the liability. learned counsel for the bank submits that the total amount due as on 29.2.2008 was Rs.2,46,960/-. Taking into account the request made by counsel for the petitioner and also the submissions made by the counsel for the bank, I dispose of this writ petition directing that the petitioner shall pay the amount due in 6 monthly instalments. Towards the first instalment, the petitioner shall pay Rs.50,000/- and the balance will be paid in 5 equal monthly instalments. The first instalment will be paid before 31.3.2008 and the subsequent instalments will be payable before the end of every succeeding month. Subject to payment as above, further proceedings will stand deferred and in case the petitioner commits any default in paying the amount as above the bank will be free to continue the action that it has already initiated. ANTONY DOMINIC JUDGE jan/-