IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC TUESDAY, THE 8TH APRIL 2008 / 19TH CHAITHRA 1930 WP(C).No. 9837 of 2008(U) ------------------------- PETITIONERS: ---------------- 1. THANKACHAN O.P., OLICKAL HOUSE RAJAKUMARY PO, IDUKKI DISTRICT. 2. SABU O.P., OLICKAL HOUSE RAJAKUMARY PO, IDUKKI DISTRICT. 3. O.D. POULOSE, OLICKAL HOUSE RAJAKUMARY PO., IDUKKI DISTRICT. BY ADV. SRI.LATHEESH SEBASTIAN RESPONDENTS: ------------------ 1. BRANCH MANAGER, STATE BANK OF TRAVANCORE RAJAKUMARY BRANCH, IDUKKI DISTRICT 2. THE AUTHORISED OFFICER UNDER THE SECURITISATION AND RECONSTRUCITON OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, STATE BANK OF TRAVANCORE ZONAL OFFICE, ERNAKULAM. BY ADV. SRI.SATHISH NINAN SRI.SANTHOSH MATHEW THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 08/04/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. =============== W.P.(C) NO. 9837 OF 2008 U ==================== Dated this the 8th day of April, 2008 J U D G M E N T In this writ petition, proceedings initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 is under challenge. Though the proceedings have reached the stage of 13(4), in view of the objections that have been raised by the petitioners against the proceedings that have been initiated, the Bank offers to reconsider the steps it has taken only if the petitioners files their objections to 13(2)notice, which they did not do so far. Accordingly, this writ petition is disposed of directing that it will be open to the petitioners to file their objections to the 13(2) notice that the Bank has issued. If the petitioners file their objections within three weeks from now, the Bank will consider the matter in the light of the objections so raised before proceeding further. ANTONY DOMINIC,JUDGE. Rp