IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC TUESDAY, THE 11TH MARCH 2008 / 21ST PHALGUNA 1929 WP(C).No. 7871 of 2008(K) ------------------------- PETITIONERS: --------------- 1. SHEEJA SAROJAM, AGED 33, W/O. M.YESUDAS, SHANTHI HOUSE, KILIYOOR, VELLARADA, THIRUVANANTHAPURAM. 2. M.YESUDAS, AGED 43, S/O. MADHAVAN, SHANTHI HOUSE, KILIYOOR, VELLARADA, THIRUVANANTHAPURAM. BY ADV. SRI.R.T.PRADEEP RESPONDENTS: ----------------- 1. THE AUTHORISED OFFICER/CHIEF MANAGER, VIJAYA BANK, REGIONAL OFFICE, R & R SECTION, 1ST FLOOR, JOSE ANNEX, JOS JUNCTION, M.G.ROAD, ERNAKULAM. 2. THE BRANCH MANAGER, VIJAYA BANK, VELLARADA BRANCH, 1/867, NARAYAN BUILDING, PANCHAMOODU POST, TRIVANDRUM DISTRICT, KERALA-695 505. BY SMT.LATHA KRISHNAN, SC FOR BANK THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 11/03/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. = = = = = = = = = = = = = = = = W.P.(C) No. 7871 OF 2008 K = = = = = = = = = = = = = = = = Dated this the 11th March, 2008 J U D G M E N T In this writ petition, the petitioner is facing proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. It would appear that the bank has proceeded with the matter and has obtained an order under Section 14 of the Act and at that stage this writ petition has been filed. Although several contentions have been raised, the petitioner does not dispute the liability and only seeks an instalment facility for paying the amount. 2. I heard the counsel appearing for the respondents also. 3. Having regard to the submissions made, this writ petition is disposed of directing that the amount due to the bank will be paid by the petitioner in the manner indicated below: It is directed that within one month from today the petitioner shall deposit a sum of Rs.50,000/- with the respondent bank. The WPC No. 7871/08-K - 2 - balance amount shall be paid by the petitioner in 5 equal monthly instalments, the 1st of which is payable in the first week of May, 2008 and the subsequent instalments will be payable in the first week of every succeeding month. Subject to payment as above, further proceedings will stand deferred. In case default is committed in paying any one of the instalments, the respondents will be free to continue the action that they have already initiated without further notice. ANTONY DOMINIC JUDGE jan/-