IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN MONDAY, THE 5TH SEPTEMBER 2011 / 14TH BHADRA 1933 WP(C).No. 31147 of 2010(P) -------------------------- PETITIONER(S): --------------- 1. KOSHY.P.A, S/O.ABRAHAM, PANACHAKKAL HOUSE, KOODAL P.O., PATHANAMTHITTA-689 693. 2. SEETHALAKSHMY, W/O.KOSHY, PANACHAKKAL HOUSE, KOODAL P.O., PATHANAMTHITTA-689 693. 3. RAJENDRAN, C/O.KOSHY, PANACHAKKAL HOUSE, KOODAL P.O., PATHANAMTHITTA-689 693. BY ADV. SRI.P.B.SAHASRANAMAN SRI.T.S.HARIKUMAR SRI.K.JAGADEESH RESPONDENT(S): --------------- AUTHORISED OFFICER, FEDERAL BANK LTD., REGIONAL OFFICE, PATHANAMTHITTA-689 645. ADV. SRI.GEORGE VARGHESE (MANACHIRACKEL) THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 05/09/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: WPC 31147/10 APPENDIX PETITIONER'S EXHIBITS: P1 COPY OF THE NOTICE DT 13.1.10. P2 COPY OF THE NOTICE DT 13.1.10 P3 COPY OF THE OBJECTION DT 2.8.10. P4 COPY OF THE OBJECTION DT 2.8.10. P5 COPY OF THE NOTICE DT 9.9.10 P6 COPY OF THE POSSESSION NOTICE DT 9.9.10 // True Copy // P.S. To Judge S. Siri Jagan, J. =-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-= W.P(C) No. 31147 of 2010 =-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-= Dated this, the 5th day of September, 2011. J U D G M E N T The petitioners are challenging proceedings under the Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 for recovery of loan amounts due from the petitioners to the respondent. This Court passed an interim order of stay of dispossession on 12.10.2010 on condition of the petitioners pay Rs. 50,000/- within three weeks. Admittedly, that amount has not been paid. It is settled law that proceedings under the Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 have to be challenged in an application under Section 17 of the Act and this Court shall not entertain writ petitions under Article 226 of the Constitution challenging such proceedings. Therefore, without prejudice to the right of the petitioners to seek remedies as provided under Section 17 of the Act, this writ petition is dismissed. Sd/- S. Siri Jagan, Judge. Tds/