IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC TUESDAY, THE 1ST APRIL 2008 / 12TH CHAITHRA 1930 WP(C).No. 10957 of 2008(D) -------------------------- PETITIONER: -------------- JAHANGEER.B, SRANK BUILDING, KOTTIYAM P.O, KOLLAM. BY ADV. SRI.S.M.ALTHAF RESPONDENTS: ----------------- 1. STATE BANK OF TRAVANCORE, KOTTIYAM BRANCH, KOLLAM. 2. THE AUTHORISED OFFICER, CHIEF MANAGER, STATE BANK OF TRAVANCORE, REGION IV ZONAL OFFICE, THIRUVANANTHAPURAM. BY SRI.SAJI VARGHESE, SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 01/04/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. = = = = = = = = = = = = = = = = W.P.(C) No. 10957 OF 2008 D = = = = = = = = = = = = = = = = Dated this the 1st April, 2008. J U D G M E N T Petitioner is a confessed defaulter to the respondent bank. The bank has initiated proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and Ext. P3 is an order passed under Section 14 of the said Act. At this stage the writ petition has been filed. 2. In this writ petition though several contentions have been raised by the petitioner, he seeks only an instalment facility to discharge the liability and I heard the Standing Counsel appearing for the bank also. 3. Having regard to the submissions so made and considering the limited nature of the request that is now made before me, I dispose of this writ petition directing that the petitioner will be permitted to pay the entire amount due to the bank in 6 equal monthly instalments, the first of which will be payable on 15th of W.P.(C) No. 10957 OF 2008 -2- April, 2008 and the subsequent instalments will be payable on or before the 15th of every succeeding month. Subject to payment as above, further proceedings against the petitioner will stand deferred. In case default is committed by the petitioner in paying any one of the instalments, the bank will be free to continue the action that it has already initiated. ANTONY DOMINIC JUDGE jan/-