IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN WEDNESDAY, THE 2ND NOVEMBER 2011 / 11TH KARTHIKA 1933 WP(C).No. 2456 of 2011(F) ---------------------------------- PETITIONER(S): ----------------------- M.K.SUNDARAN PILLAI, S/O.LATE K.P.MADHAVAN PILLAI, `SOBHANA MANDIRAM', ASRAMOM P.O., KOLLAM. BY ADV. SRI.R.RAMADAS RESPONDENT(S): ------------------------ 1. THE INDIAN BANK, THYCAUD BRANCH, REPRESENTED BY ITS BRANCH MANAGER, THYCAUD, THIRUVANANTHAPURAM-695 014. 2. THE AUTHORISED OFFICER, THE INDIAN BANK, NIRMALA BUILDING, METTUKKADA JUNCTION, THYCAUD, THIRUVANANTHAPURAM-695 014. * ADDL.R3 IMPLEADED 3. A.C.THOMAS, S/O.A.V.CHERIYAN, AVICOT HOUSE, KIZHAKKEKARA, KOTTARAKKARA – 691 506. * ADDL.R3 IS IMPLEADED AS PER ORDER DT.31.05.11 IN IA NO.7941/11 ** ADDL.R4 IMPLEADED 4. P.O.THOMAS, S/O.OOMMEN, AGED 73 YEARS, RESIDING AT PANANGAT HOUSE, ALUMMOODU.P.O. KOLLAM. ** ADDL.R4 IS IMPLEADED AS PER ORDER DT.13.06.11 IN IA NO.8994/11. R1 & R2 BY ADV. SRI.S.EASWARAN R3 BY ADVS. SRI.ALEN MATHEW SRI.H.RAMANAN SRI.JAMES JOSE R4 BY ADVS. SRI.HARISH R MENON SRI.K.T.SHYAM KUMAR THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 02/11/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: AV WPC.NO.2456/2011 APPENDIX PETITIONER'S EXHIBITS : P1 : COPY OF THE SANCTION LETTER DATED 01.07.2009 ISSUED BY THE CHIEF MANAGER OF INDIAN BANK, THYCAUD BRANCH. P2 : COPY OF THE NOTICE DATED 09.11.2010 U/S 13(2) OF THE SARFAESI ACT BY THE 2ND RESPONDENT. P3 : COPY OF THE REPLY DATED 06.12.2010 SUBMITTED BY THE PETITIONER BEFORE THE 2ND RESPONDENT. P4 : COPY OF THE REPLY DATED 13.12.2010. P5 : COPY OF THE LETTER DATED 07.01.2011 TO THE 2ND RESPONDENT BY THE PETITIONER. P6 : COPY OF THE LETTER DATED 10.01.2011. P7 : COPY OF THE POSSESSION NOTICES DATED 11.01.2011 AND 16.01.2011 PUBLISHED IN THE “MATHRUBHUMI” DAILY DATED 16.01.2011. P8 : COPY OF THE SALE NOTICE IN RESPECT OF 5 ITEMS OF PROPERTIES IN MATHRUBHUMI DAILY DATED 20.03.2011. RESPONDENT'S EXHIBITS : R 2(A) : COPY OF THE NOTICE OF INTENDED SALE DATED 24.01.2011 R2 (B) : COPY OF THE VALUATION CERTIFICATE DATED 14.01.2011 IN RESPECT OF ITEM NO.5 OF EXT.P2 AND EXT.R2(A) R2 (C ) : COPY OF THE VALUATION CERTIFICATE IN RESPECT OF ITEM NO.7. R2 (D) : COPY OF THE VALUATION CERTIFICATE IN RESPECT OF ITEM NO.1. R2 (E) : COPY OF THE PAPER PUBLICATION DATED 28.01.2011 IN MATHRUBHOOMI DAILY. R2 (F) : COPY OF THE PAPER PUBLICATION DATED 28.01.2011 IN NEW INDIAN EXPRESS DAILY. R4 (A) : COPY OF CHEQUE DATED 12.02.2011 DRAWN ON INDIAN BANK, KOLLAM FOR RS.4 LAKHS. R4 (B) : COPY OF CHEQUE DATED 07.02.2011 FOR RS.9 LAKHS DRAWN ON CANARA BANK, ANCHAL BRANCH. R4 (C ) : COPY OF CHEQUE DATED 07.02.2011 FOR RS.60 LAKHS DRAWN ON FEDERAL BANK, ANCHAL. R4 (D) : COPY OF CHEQUE DATED 07.02.2011 FOR RS.9 LAKHS DRAWN ON SOUTH INDIAN BANK, ANCHAL. WPC.NO.2456/2011 R4 (E) : COPY OF CHEQUE DATED 07.02.2011 FOR RS.22 LAKHS DRAWN ON FEDERAL BANK, ANCHAL. R4 (F) : COPY OF RECEIPT ISSUED BY THE INDIAN BANK DATED 08.02.2011, 10.02.2011 AND 11.02.2011 EVIDENCING RECEIPT OF PAYMENT ON ENCASHMENT OF THE CHEQUES. /TRUE COPY/ P.A. TO JUDGE AV S. Siri Jagan, J. =-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-= W.P(C) No. 2456 of 2011 =-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-= Dated this, the 2nd day of November, 2011. J U D G M E N T The petitioner has filed this writ petition challenging proceedings under the Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 initiated by respondents 1 and 2 against the petitioner. It is now admitted that the sale of 4 items of properties are over and the entire amounts due to the bank has been realised from the sale. In the above circumstances, respondents 1 and 2 are directed to finalise the proceedings and return the documents relating to the properties, which are not sold, to the petitioner as expeditiously as possible, at any rate, within one month from the date of receipt of a copy of this judgment. If there is any excess amount realised by the sale, the same shall be paid to the petitioner within the said time. The writ petition is disposed of as above. Sd/- S. Siri Jagan, Judge. Tds/