IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC TUESDAY, THE 26TH FEBRUARY 2008 / 7TH PHALGUNA 1929 WP(C).No. 4547 of 2008(N) ------------------------- PETITIONER: --------------- K.V.FOUSIYA, AGED 28, W/O.K.S.SHAJI MUHAMMED, MANGALAMPILLY HOUSE, NOW RESIDING AT KAIKULANGARA HOUSE, KUMARANELLUR, THRISSUR DISTRICT. BY ADV. SRI.G.SREEKUMAR (CHELUR) RESPONDENTS: ----------------- 1. THE UCO BANK, KAVERI BUILDINGS, CLOTH BAZAR ROAD, ERNAKULAM, KOCHI-682 031. 2. THE DISTRICT COLLECTOR, COLLECTORATE, AYYANTHOLE, THRISSUR. BY ADV. SRI.GEORGE KARITHANAM VARGHESE FOR R1 SRI.V.J.JOHN THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 26/02/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. =============== W.P.(C) NO. 4547 OF 2008 N ==================== Dated this the 26th day of February, 2008 J U D G M E N T In this writ petition challenging the securitisation proceedings, though the petitioner has raised several issues, all that is pressed before me is an opportunity to regularise the loan availed of. 2. Standing counsel for the Bank on instructions submit that as at present, the defaulted instalments itself come to Rs.3,38,769/- and that if the petitioner clears the defaulted amounts within a short period, the Bank can consider the request of the petitioner for regularising the loan. This suggestion made by the Bank is accepted by the petitioner and therefore, I dispose of this writ petition with the following directions: 1) An amount of Rs.3,38,769/-, which is in default shall be paid by the petitioner to the Bank before 31/3/2008 and on such payment, the Bank will consider the request of the WPC 4547/08 :2 : petitioner for regularising the loan availed of by him. 2) It is directed that in case the petitioner does not avail of this opportunity, the Bank will be free to continue the action that it has already initiated. ANTONY DOMINIC,JUDGE. Rp