IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM FRIDAY, THE 25TH MARCH 2011 / 4TH CHAITHRA 1933 WP(C).No. 6043 of 2011(E) -------------------------------------- PETITIONER(S): ------------------------ SIBI JOSEPH, KODUMKAYATHIL, THUDANGANADU P.O., THODUPUZHA, IDUKKI DISTRICT. BY ADV. SRI.JOMY GEORGE, SRI.SEBASTIAN THOMAS. RESPONDENT(S): -------------------------- 1. THE AUTHORIZED OFFICER UNDER THE SARFAESI ACT, FEDERAL BANK LTD., REGIONAL OFFICE, ERNAKULAM-682 031. 2. THE MANAGER, FEDERAL BANK LTD., VAZHAKULAM P.O., MUVATTUPUZHA, ERNAKULAM DISTRICT-686 661. 3. MOHAN NAIR, ARCHANA VEEDU, SANKARAPILLY, MUTTOM P.O., THODUPUZHA, IDUKKI DISTRICT-685 587. R1 & R2 BY ADV. SRI.A.ANTONY, SMT.LEELAMMA ANTONY. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 25/03/2011,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: rs C.K.ABDUL REHIM, J. ------------------------------------------- W.P.(C).No.6043 of 2011 ------------------------------------------- Dated this the 25th day of March, 2011 J U D G M E N T ---------------------- Petitioner claims to be a bonafide purchaser of an immovable property from the 3rd respondent, who is in default in payment of loan availed from respondents 1 and 2. In this writ petition the petitioner was challenging the steps taken for sale of the immovable property. 2. By virtue of an interim order issued by this court on 28.2.2011, sale of the property in question was directed to be deferred subject to condition of the petitioner remitting a sum of Rs.1,50,000/-. It is reported that the amount has already been paid in compliance with the stipulation. 3. Both parties concede that the 3rd respondent had cleared payment of the entire arrears due in the loan account and the loan account now stands closed. Therefore, grievance of the petitioner voiced in this writ petition no more survives. 4. However, it is submitted on behalf of the respondents that the amount remitted by the petitioner in compliance with W.P.(C).6043/11 -2- the interim order will be returned. The respondents 1 and 2 will do the needful in this regard without any delay. The writ petition is accordingly closed, with the above observation and direction. C.K.ABDUL REHIM, JUDGE. okb