IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN THURSDAY, THE 29TH SEPTEMBER 2011 / 7TH ASWINA 1933 WP(C).No. 13830 of 2009(W) -------------------------- PETITIONER(S): ---------------------- RAGHUNATH PAI, S/O. SARVOTHAM B PAI, AGED 48 YEARS, RESIDING AT RAGHUNATH KRIPA, GOKULAM.PHC ROAD, KUMBALA P.O.,KASARAGOD DISTRICT. BY ADV. SRI.SURESH KUMAR KODOTH RESPONDENT(S): ------------------------ 1 . THE FEDERAL BANK LTD., REPRESENTED BY ITS GENERAL MANAGER, REGISTERED OFFICE AT ALWAYEE, ERNAKULAM DISTRICT. 2. AUTHORISED OFFICER/CHIEF MANAGER, FEDERAL BANK, REGIONAL OFFICE, 123/107, 27TH CROSS ROAD, 2ND MAIN ROAD,, 7TH BLOAK, JAYANAGAR, BANGALORE - 560 082. 3. BRANCH MANAGER, FEDERAL BANK, SANU PALACE, KODIALBAIL, MANGALORE, DK. R1 BY ADV. SRI.GEORGE VARGHESE (MANACHIRACKEL) THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 29/09/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: MM WP(C)NO.13830/2009 APPENDIX PETITIONER'S EXHIBITS: P1 COPY OF THE OA NO. 183/2005 BEFORE THE DEBTS RECOVERY TRIBUNAL AT ERNAKULAM P2 COPY OF THE WRITTEN STATEMENT OF RESPONDENTS 1 TO 4 IN OA NO 183/05 P3 COPY OF THE NOTICE DATED 6/2/2009 ISSUED TO THE PETITIONER AND OTHERS RESPONDENT'S EXHIBITS : NIL TRUE COPY P.A. TO JUDGE MM S. Siri Jagan, J. =-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-= W.P(C) No. 13830 of 2009 =-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-= Dated this, the 29th day of September, 2011. J U D G M E N T This writ petition is filed challenging the proceedings under the Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The writ petition was filed on 18.5.2009. This Court was not inclined to grant any stay. Counsel for the 1st respondent takes notice for the 3rd respondent also. It is settled law that proceedings under the Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 have to be challenged under Section 17 of the Act before the Debt Recovery Tribunal. In the above circumstances, I am not inclined to entertain this writ petition and accordingly, the same is dismissed. Sd/- S. Siri Jagan, Judge. Tds/