IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN WEDNESDAY, THE 11TH MARCH 2009 / 20TH PHALGUNA 1930 WP(C).No. 127 of 2009(M) ------------------------------------ PETITIONERS: --------------------- 1. T.V.SREEDHARAN, S/O. SANKARAN THARAVATTATH, MUTHUVANNACHA P.O., KUTTIYADI, CALICUT DIST. 2. BEENA P.K., W/O. SREEDHARAN DO..DO.. BY ADV. MR. P.C.SASIDHARAN. RESPONDENTS: ------------------------ 1. THE AUTHORISED OFFICER, STATE BANK OF INDIA, REGIONAL BUSINESS OFFICE, SOUTHERN TRADE TOWERS, PUSHPA JUNCTION,KOZHIKODE. 2. THE BRANCH MANAGER, STATE BANK OF INDIA, AGRICULTURE DEVELOPMENT BRANCH ,PERAMBRA, KOZHIKODE. R1 & R2 BY ADV. MR.K.JAYAKUMAR, S.C. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 11/03/2009, ALONG WITH W.P.(C). NOS. 128/2009 & 129/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: prv. THOTTATHIL B. RADHAKRISHNAN, J. = = = = = = = = = = = = = = = = = = = = = = = = W.P.(C).Nos.127/2009-M, 128/2009-M & 129/2009-M = = = = = = = = = = = = = = = = = = = = = = = = Dated this the 11th day of March, 2009. JUDGMENT These writ petitions are filed challenging proceedings under the SARFAESI Act. Taking into consideration the status of the loans which led to the writ petitions in hand, the bank was directed to place on record statement showing the amounts that the respective petitioners have to pay if the transactions are to be regularized. The bank has accordingly filed statements. The petitioners in WP(C).Nos.127/2009, 128/2009 and 129/2009 have to pay an amount of Rs.64,000/-, 74,000/- and 90,000/- respectively on or before 30.3.2009 to regularize the transactions by 1.4.2009. Obviously, it is not for this Court to sit in adjudication of settlement of accounts between the parties. If the petitioners are desirous of regularizing the transactions, they WP(C)127, 128 & 129/09 -: 2 :- may get the benefit as extended by the bank as recorded aforesaid. Even if the petitioners would contend that there would be some over payments, that would be a matter of resolution between the accounts of the parties since if regularized, the transactions could be running accounts. If the petitioners respond to the offer of the bank as aforesaid, the SARFAESI Act proceedings would be dropped. The writ petitions are ordered accordingly. THOTTATHIL B. RADHAKRISHNAN, JUDGE. Sha/160309