IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN MONDAY, THE 6TH APRIL 2009 / 16TH CHAITHRA 1931 WP(C).No. 10621 of 2009(W) -------------------------- PETITIONER(S): --------------- 1. VAYAKKARA PATANNAKKOT MADHUSOODANAN NAMBIAR,S/O.LAKSHMI @ MADHAVI AMMA, AGED 76 YRS, THILLANKERI AMSOM, DESOM, P.O.THALASSERI, THALASSERI TALUK. 2. V.P.NARAYANA DAS @ VAYAKKARA PATANNAKKOT NARAYANAN,NAMBIAR,S/O.LAKSHMI, @ MADHAVI AMMA, AGED 72 YEARS,THILLANKERI AMSOM & DESOM, P.O.THILLANKERI,THALASSERI TALUK. BY ADV. SRI.K.V.PAVITHRAN SRI.JAYANANDAN MADAYI PUTHIYAVEETTIL RESPONDENT(S): --------------- 1. SENIOR MANAGER,THE KERALA STATE CO-OPERATIVE BANK LIMITED, KANNUR BRANCH, R.M.APARTMENTS, SOUTH BAZAR, TALAP,KANNUR-670002. 2. THE CHAIRMAN, KERALA STATE CO-OP.,BANK, CO-OPERATIVE BANK, TOWER, TRIVANDRUM. ADV. SRI.NAGARAJ NARAYANAN,SC,K.S.CO-OP BANK THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 06/04/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B.RADHAKRISHNAN, J. ------------------------------------------- W.P(C).No.10621 OF 2009 ------------------------------------------- Dated this the 6th day of April, 2009 JUDGMENT The first petitioner is a timber merchant. He availed a loan for the purpose of his business. The loan was defaulted. This had led to accruals and the bank has initiated action under the SARFAESI Act. After arguing the matter for quite some time on merits, it was submitted on 1.4.2009 that the petitioners would state the time that they may need to pay off the total outstandings. Accordingly, today, learned counsel for the petitioners state that his clients give up all other contentions and that the entire amounts due, which will come to Rs.2,35,000/- plus interest, will be paid by 25.4.2009. Recording this submission, it is directed that if payment as aforesaid is made, the impugned distress action will be dropped. The writ petition is ordered accordingly. Sd/- THOTTATHIL B.RADHAKRISHNAN, Judge. kkb.8/4.