IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM THURSDAY, THE 24TH FEBRUARY 2011 / 5TH PHALGUNA 1932 WP(C).No. 30601 of 2010(A) -------------------------- PETITIONER -------------------- GEETHA, PROPRITIRX, M/S.GEE GEE HOLO BRICKS, CHENTHAPURE, DECENT JUNCTION. P.O., KOLLAM. BY ADVS. SRI.S.SANTHOSH KUMAR SMT.P.LISSY JOSE. RESPONDENT(S): -------------------------- 1. THE AUTHORIZED OFFICER, SYNDICATE BANK, REGIONAL OFFICE, THIRUVANANTHAPURAM. 695001. 2. THE CHIEF MANAGER, SYNDICATE BANK, KUNDARA BRANCH, KOLLAM. 691013 BY STANDING COUNSEL SRI.R.S.KALKURA THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 24/02/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: VK C.K.ABDUL REHIM, J. ------------------------------- W.P.(C).No. 30601 of 2010 ------------------------------- Dated this the 24th day of February, 2011. J U D G M E N T Proceedings initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), is the subject matter of challenge in this writ petition. During the pendency of this writ petition, in compliance with an interim order, the petitioner had remitted a sum of ` 5 lakhs towards the loan account. It is stated that, payment of a further sum of ` 5 lakhs was also made subsequently. It is admitted by both sides that there was some negotiations for settlement of the loan account and the respondent Bank had permitted the petitioner to pay off the entire liability before 31.3.2011 for a total balance of ` 27,50,000/- (Rupees twenty seven lakhs fifty thousand only). 2. The above submission is recorded and the writ petition is closed, since the issue no more survive because of the settlement arrived. C.K.ABDUL REHIM, Judge ami/