IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON WEDNESDAY, THE 14TH JULY 2010 / 23RD ASHADHA 1932 WP(C).No. 21903 of 2010(K) -------------------------- PETITIONER: --------------- A.ABOOBACKER, S/O.KHADER, RESIDING AT AMBAZHAPULLY HOUSE, NER CODACAL MISSION HOSPITAL, CODACAL P.O., MALAPPURAM DISTRICT. BY ADV. MR. P.M.SEBASTIAN RESPONDENTS: --------------- 1. THE GENERAL MANAGER, MALAPPURAM DISTRICT CO-OPERATIVE BANK LTD., HEAD OFFICE, UP HILL, MALAPPURAM DISTRICT, PIN-676 505. 2. THE DEPUTY GENERAL MANAGER (AUTHORISED OFFICER) MALAPPURAM DISTRICT CO-OPERATIVE BANK LTD., MALAPPURAM DISTRICT PIN-676 505. 3. A.ANWAR, S/O.ABOOBACKER, AMBAZHAPULLY HOUSE, NEAR MISSION HOSPITAL, CODACAL P.O., MALAPPURAM DISTRICT. 4. JOINT REGISTRAR, CO-OPERATIVE SOCIETIES, MALAPPURAM DISTRICT, MALAPPURAM. R1 AND R2 BY ADV. MR. V. KRISHNA MENON, STANDING COUNSEL R4 GOVERNMENT PLEADER MR. C.K. GOVINDAN THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 14/07/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: P.R. RAMACHANDRA MENON J. ~~~~~~~~~~~~~~~~~~~~~~~ W.P. (C) No. 21903 of 2010 ~~~~~~~~~~~~~~~~~~~~~~~ Dated, this the 14th day of July, 2010 JUDGMENT The petitioner is challenging the correctness and sustainability of the steps taken by the respondent Bank, for realization of the amount stated as due under a loan transaction, invoking the machinery under the SARFAESI Act. 2. The learned counsel for the petitioner submits that, the petitioner is more aggrieved of non-consideration of Ext.P2 objection preferred by the petitioner, particularly seeking for reduction of interest and for the benefit of 'OTS'. 3. The learned counsel appearing for the Bank submits, on instructions, that, as on date, there is no scheme of 'One Time Settlement' and that the total outstanding liability will come nearly Rs.5,42,558/- . 4. Considering the limited nature of relief prayed for by the petitioner, the first respondent is directed to consider and pass appropriate orders on Exts. P2 and P6, of course after giving an opportunity of hearing to the petitioner, as expeditiously as possible, at any rate, within one month, from the date of receipt of a copy of the judgment. The Writ Petition is disposed of. P. R. RAMACHANDRA MENON, JUDGE kmd