IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE K.M.JOSEPH FRIDAY, THE 24TH OCTOBER 2008 / 2ND KARTHIKA 1930 WP(C).No. 30100 of 2008(G) -------------------------- PETITIONER(S): --------------- ANILKUMAR G, SUNIL BHAVAN, VALENKY, ANAPPARA P.O., VITHURA, REPRESENTED BY HIS FATHER M.GOPINATHAN NAIR, BY ADV. SRI.A.RAJASIMHAN RESPONDENT(S): --------------- 1. AUTHORISED OFFICER, HDFC LTD., HDFC HOUSE, VAZHUTHACAUD, THIRUVANANTHAPURAM -10, 2. BRANCH MANAGER, HDFC, VAZHUTHACAUD, THIRUVANANTHAPURAM -10. ADV. SRI.K.K.CHANDRAN PILLAI, SC, HDFC FOR R1 & R2 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 24/10/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: K.M. JOSEPH, J. ```````````````````````````````````````````````````` W.P.(C) No. 30100 OF 2008 G ```````````````````````````````````````````````````` Dated this the 24th day of October, 2008 J U D G M E N T Petitioner seeks instalment facility to settle the arrears. Proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcements of Security Interest Act has been invoked. 2. Heard learned counsel for petitioner and learned counsel appearing on behalf of the respondents. Learned counsel for the bank submits that the total amount due is Rs.1,60,055/- and that if the petitioner pays a substantial amount, he may be permitted to pay the balance amount in instalments. Writ petition is disposed of directing that the proceedings against the petitioner will be kept in abeyance if the petitioner remits a sum of Rs.50,000/- within six weeks from today and also if he pays the entire balance amount with due interest in six equal monthly instalments. The first WPC.30100/08 : 2 : instalment shall be paid on or before 31.12.2008 and the further instalments shall be paid on the last working day of the succeeding months. If the petitioner does not pay Rs.50,000/- or any of the instalments, the petitioner will loose the benefit of this judgment and it will be open to the respondents to proceed against the petitioner in accordance with law. Sd/- (K.M.JOSEPH, JUDGE) aks // TRUE COPY // P.A. TO JUDGE