IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM THURSDAY, THE 26TH MAY 2011 / 5TH JYAISHTA 1933 WP(C).No. 10235 of 2011(D) -------------------------- PETITIONER: ------------------ GINEESH.N.B., S/O.BALAN, NARETHUPARAMBIL HOUSE, KIZHAKKUMPATTUKARA, PERINGAVU VILLAGE, THRISSUR DISTRICT. BY ADV. SRI.M.K.DILEEP KUMAR RESPONDENTS: --------------------- 1. STATE BANK OF INDIA, REP.BY ITS AUTHORISED OFFICER, IRINJALAKUDA, THRISSUR DISTRICT 680 021. 2. STATE BANK OF INDIA, IRINJALAKUDA BRANCH, MAIN ROAD, IRINJALAKUDA, THRISSUR DISTRICT. 680 021. BY SRI.P.V.SURENDRANATH, SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 26/05/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: VK C.K.ABDUL REHIM, J. ------------------------------- W.P.(C).No.10235 of 2011 ------------------------------- Dated this the 26th day of May, 2011. J U D G M E N T Considering availability of the effective statutory remedy provided under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), this Court was not inclined to entertain this writ petition. However, by way of indulgence, dispossession was stayed subject to condition of the petitioner remitting a sum of Rs.10 lakhs on or before 30.4.2011 and a further sum of Rs.5 lakhs on or before 20.5.2011. The said interim order was issued on 31.3.2011. 2. Today, when the matter was taken up for consideration, there was no representation for the petitioner. Learned counsel appearing for the respondent Bank submits that, inspite of insistence of payment of Rs.15 lakhs, the petitioner had only deposited a sum of Rs.1,80,000/-, that too only on 2.5.2011. 3. Under the above mentioned circumstances, I am not 2 W.P.(C).No.10235 of 2011 inclined to entertain this writ petition any further. However, rights if any available to the petitioner to invoke statutory remedy will stand reserved. In the result, the writ petition is dismissed without prejudice to rights if any available to the petitioner, as stated above. C.K.ABDUL REHIM, Judge ami/