IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE K.M.JOSEPH TUESDAY, THE 13TH JANUARY 2009 / 23RD POUSHA 1930 WP(C).No. 1191 of 2009(P) ------------------------- SA.205/2008 of DEBT RECOVERY TRIBUNAL, ERNAKULAM .................... PETITIONER(S): --------------- C.A. SALEEM, AGED 55 YEARS, S/O. ABDU HAJEE THOUFEE, CHANDANAPARAMBIL HOUSE, KOORKENCHERY P.O., THRISUR DISTRICT, KERALA. BY ADV. SRI.A.F.SEBASTIAN RESPONDENT(S): --------------- THE SYNDICATE BANK, REP. BY THE AUTHORISED OFFICER, PALACE ROAD, THRISSUR 680 001. BY SRI.R.S.KALKURA, SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 13/01/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: K.M. JOSEPH, J. ```````````````````````````````````````````````````` W.P.(C) No. 1191 OF 2009 P ```````````````````````````````````````````````````` Dated this the 13th day of January, 2009 J U D G M E N T I heard learned counsel for the petitioner and learned counsel for the respondent. 2. According to the petitioner, the petitioner has secured an over draft of Rs.50 lakhs from the respondent bank. He was also a surety of his brother Salih for Rs.3 lakhs. It is stated that the Tribunal has granted stay of securitisation proceedings on condition of payment in instalments. He paid the first instalment. The payment of the second instalment is due on 16.1.2009. It is stated that the petitioner is unable to raise the amount and he has filed Ext.P3 before the Debt Recovery Tribunal seeking time. It is stated that the next sitting of the DRT will be only on 22.1.2009 and that hasty steps are taken by the bank to take possession of the secured assets. In such circumstances, writ petition is disposed of directing that the securitisation proceedings against the petitioner will be kept in abeyance for a period of two weeks from today. Sd/- (K.M.JOSEPH, JUDGE) aks // TRUE COPY // P.A. TO JUDGE