IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN FRIDAY, THE 8TH JULY 2011 / 17TH ASHADHA 1933 WP(C).No. 18616 of 2011(B) --------------------------------------- PETITIONER(S): ---------------------- NAZEEMA, D/O.ABUDL SATAR, RESIDING AT NAZEEMA MANZIL, VETTOOR, VARKALA P.O., CHIRAYINKEEZHU TALUK, THIRUVANANTHAPURAM. BY ADV. SRI.A.B.MOHANAKUMAR RESPONDENT(S): -------------------------- STATE BANK OF INDIA, REP. BY THE AUTHORISED OFFICER, REGIONAL OFFICE, L.M.S. COMPOUND, PALAYAM, THIRUVANANTHAPURAM- 695 033. BY ADV. MR.R.S. KALKURA, SC. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 08/07/2011,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: rs WP(C).No. 18616 of 2011(B) APPENDIX PETITIONER'S EXHIBITS: EXT.P1: COPY OF THE LOAN SANCTION PAPER ISSUED FROM THE RESPONDENT BANK DATED 22/06/2007. RESPONDENT'S EXHIBITS: NIL. //TRUE COPY// P.S. TO JUDGE rs S. Siri Jagan, J. =-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-= W.P(C) No. 18616 of 2011 =-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-= Dated this, the 8th day of July, 2011. J U D G M E N T Petitioner challenges proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security interest Act, 2002 initiated by the respondent for recovery of loan amounts due to the bank. All the petitioner wants now is one month's time to pay off the amount due. This is opposed by the counsel for the bank. However, taking a lenient view, I dispose of this writ petition with a direction to the respondent to give the petitioner one more month's time to pay the amount. If the petitioner pays the amount within one month, further proceedings under the Act shall be kept in abeyance. If the petitioner fails to comply with the above direction, the respondent shall continue proceedings as now initiated without having to issue any further notice or proceedings. Sd/- S. Siri Jagan, Judge. Tds/