IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON FRIDAY, THE 19TH FEBRUARY 2010 / 30TH MAGHA 1931 WP(C).No. 2539 of 2010(N) ----------------------------------- PETITIONER: ------------------- A.M.VARGHESE, PROPRIETOR, NIRAVATHU INDUSTRIES, MINI INDUSTRIAL ESTATE, KATTAPPANA, IDUKKI DISTRICT, RESIDING AT ETTIYIL HOUSE, NARIYANPARA.P.O, KATTAPPANA, IDUKKI DISTRICT. BY ADV. SRI.JOICE GEORGE RESPONDENTS: ----------------------- 1. THE AUTHORISED OFFICER/REGIONAL MANAGER, THE KERALA STATE CO-OPERATIVE BANK LIMITED, REGIONAL OFFICE, DWARAI SWAMI IYYER ROAD, KOCHI. 2. THE KERALA STATE CO-OPERATIVE BANK LIMITED, REPRESENTED BY ITS MANAGING DIRECTOR, CO-BANK TOWERS, PALAYAM, THIRUVANANTHAPURAM. R1 & R2 BY ADV. SRI.NAGARAJ NARAYANAN THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 19/02/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: P.R. RAMACHANDRA MENON, J. - - - - - - - - - - - - - - - - - - - - - - - - - - - W.P.(C)No. 2539 OF 2010 - - - - - - - - - - - - - - - - - - - - - - - - - - - Dated this the 19th day of February, 2010 JUDGMENT This writ petition is filed seeking interference of this Court on the recovery proceedings being pursued by the respondent Bank under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). 2. Learned counsel for the respondent submits on instructions that there is a scheme to have 'one time settlement' of the due amount, which is stated as in existence till 28.02.10 and that, if the petitioner files a representation to consider his case in accordance with the terms of the scheme, the benefits of the same will be extended to the petitioner, to the permissible extent. 3. In the above facts and circumstances, the learned counsel for the petitioner seeks permission to withdraw the writ petition with liberty to approach the respondent Bank praying for the benefit of OTS Scheme. Accordingly, the writ petition is dismissed as withdrawn with liberty as aforesaid. P.R. RAMACHANDRA MENON, JUDGE ttb