IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN FRIDAY, THE 2ND JANUARY 2009 / 12TH POUSHA 1930 WP(C).No. 178 of 2009(U) ------------------------------------ PETITIONER: ------------------- K.S. PRASANTHAN, AGED 43 YEARS, S/O. SUKUMARAN, KAITHATHIL HOUSE, PUNNAPRA P.O., ALAPPUZHA. BY ADV. SRI.MATHEW JAMES. RESPONDENTS: ----------------------- 1. CHIEF MANAGER (ADVANCES) STATE BANK OF TRAVANCORE, REGIONAL III, ZONAL OFFICE, PANAMPILLY NAGAR, KOCHI -36. 2. BRANCH MANAGER, STATE BANK OF TRAVANCORE, PUNNAPRA, ALAPPUZHA. R1 & R2 BY ADV. SRI. K.S. DILEEP, S.C. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 02/01/2009,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: prv. THOTTATHIL B. RADHAKRISHNAN, J. = = = = = = = = = = = = = = = = = = = = = = = = W.P.(C).No.178 of 2009-U = = = = = = = = = = = = = = = = = = = = = = = = Dated this the 2nd day of January, 2009. JUDGMENT Notice under Section 13(2) of the SARFAESI Act was issued to the petitioner on 2-8-2008 on account of a housing loan of Rs.12 lacs which, by 31-7-2008, had grown to Rs.12,62,901/-. He paid an amount of Rs.91,700/- on 5-9-2008, as evidenced by Ext.P3. Ext.P4 possession notice dated 22-12-2008 is also issued under Section 13 (4) of the Act. Giving up all other contentions, the only limited plea is that the petitioner may be granted two months' time to pay the entire outstandings in one lump and avoid distress action. Leaving all other contentions, on consent, it is ordered that dispossession of the petitioner and any sale of the property will stand deferred till the end of this current WP(C)178/09 -: 2 :- financial year as a last opportunity, failing which the petitioner can be dispossessed immediately. The writ petition is ordered accordingly. THOTTATHIL B. RADHAKRISHNAN, JUDGE. Sha/030109