IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC TUESDAY, THE 18TH MARCH 2008 / 28TH PHALGUNA 1929 W.P(C).No. 37108 of 2007(P) --------------------------------- PETITIONERS: --------------- 1. K.ASIF, PROPRIETOR, CAPITAL MEDICALS, CAPITAL TOWER STATUE, THIRUVANANTHAPURAM. 2. P.A.KABEER, PROPRIETOR, M/S.ANJU MEDICALS AND FASHION STORES T.C.39/2258, EAST FORT, THIRUVANANTHAPURAM. BY ADV. SRI.B.KRISHNA MANI RESPONDENTS: ----------------- 1. THE CHIEF MANAGER, INDIAN BANK, M.G.ROAD, THIRUVANANTHAPURAM BRANCH THIRUVANANTHAPURAM. 2. THE AUTHORISED OFFICER, INDIAN BANK M.G.ROAD, THIRUVANANTHAPURAM BRANCH THIRUVANANTHAPURAM. BY ADV. SRI.S. SREEKUMAR, SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 18/03/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. =============== W.P.(C) NO. 37108 OF 2007 P ==================== Dated this the 18th day of March, 2008 J U D G M E N T Though in this writ petition, several contentions challenging the proceedings initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act have been raised, petitioners now submit that the total amount due as indicated by the Bank in the counter affidavit is Rs.5,56,036.94/- as on 31/12/2007 along with future interest may be allowed to be paid by them in instalments. 2. Having regard to the submissions so made and also taking into account the submission made by the counsel for the Bank, this writ petition is disposed of directing that the petitioners shall pay the total amount due to the Bank in three equal monthly instalments, first of which will be payable on or before 31st of March, 2008 and the subsequent instalments will be payable before the end of April and May, 2008. Subject to such payment, further proceedings will stand deferred and in case default is committed, the Bank will be free to continue the action that it has already initiated. Writ petition is disposed of as above. ANTONY DOMINIC,JUDGE. Rp