IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM MONDAY, THE 10TH JANUARY 2011 / 20TH POUSHA 1932 WP(C).No. 325 of 2011(M) ------------------------ PETITIONER: ------------------- VENUGOPAL P., S/O.SANKARA MANNADIAR,SANDHANAM, KOOTTALAPARAMBU, KARINGARAPALLY BY ADV. SRI.JACOB SEBASTIAN RESPONDENT: -------------------- CANARA BANK, REP.BY THE AUTHORIZED OFFICER, ELAPULLY BRANCH, PALAKKAD. BY SRI.P.GOPINATHA MENON, SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 10/01/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: VK C.K.ABDUL REHIM, J --------------------------------------- W.P(C) No.325 of 2011-M ---------------------------------------- Dated this the 10th day of January, 2011. J U D G M E N T Challenge is against Ext.P1 notice issued under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) intimating taking over possession of the property as contemplated under Section 13(4). Considering the effective alternative remedy available, I am not inclined to entertain this writ petition. However, learned counsel for the petitioner submits that the petitioner is ready and willing to regularise the account by paying the defaulted amount. 2. Considering such submission, I am of the view that a chance can be given to the petitioner to approach the respondent Bank with such request. If any such approach is made within two weeks from today, the respondent shall consider the same and to take a decision with respect to permitting regularisation of the account. W.P(C) No.325 of 2011-M 2 3. Needless to say that further coercive steps shall be taken only after intimating such decision to the petitioner. The writ petition is disposed of with the above observations. C.K.ABDUL REHIM JUDGE ab