IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN FRIDAY, THE 5TH SEPTEMBER 2008 / 14TH BHADRA 1930 W.P(C).No. 26064 of 2008(C) -------------------------- S.A.NO.106/2008 OF DEBTS RECOVERY TRIBUNAL, ERNAKULAM .................... PETITIONER: ----------- MRS. USHAMMA.I.V @ USHA, 'USHUS', THIRUMALA WARD, MULLAKKAL.P.O, ALAPPUZHA. BY ADV. SRI.K.SRIKUMAR SRI.K.MANOJ CHANDRAN SRI.P.R.AJITHKUMAR SRI.GEORGE JOHNSON RESPONDENTS: ------------ 1. UNION OF INDIA, REPRESENTED BY THE SECRETARY, MINISTRY OF FINANCE, NEW DELHI. 2. THE DEBTS RECOVERY TRIBUNAL, (KERALA & LAKSHADWEEP), 5TH FLOOR, K.S.H.B BUILDING, PANAMPILLY NAGAR, ERNAKULAM. 3. CENTRAL BANK OF INDIA, SARADA SHOPPING COMPLEX, MULLAKKAL, ALLEPPEY REPRESENTED BY ITS CHIEF MANAGER. 4. THE AUTHORISED OFFICER, CENTRAL BANK OF INDIA, SARADA SHOPPING COMPLEX, MULLAKKAL, ALLEPPEY. BY ADV. SRI.P.PARAMESWARAN NAIR,ASST.SOLICITOR - R1 & R2 SRI. V.V.SIDHARTHAN- R3 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 05/09/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B.RADHAKRISHNAN, J. ------------------------------------------- W.P(C).No.26064 OF 2008 ------------------------------------------- Dated this the 5th day of September, 2008 JUDGMENT Read the orders dated 29.8.2008 and 4.9.2008. It is submitted by the learned counsel for respondents 3 and 4, today, that the outstandings would be only an amount of Rs.67,000/- as on today. In the aforesaid circumstance, if the petitioner pays the aforesaid amount and withdraws the proceedings before the Debt Recovery Tribunal, the bank will recall the securitisation proceedings and regularise the transaction to enable the petitioner to enjoy the loan facility. However, that has to be done within a period of two weeks from now. The writ petition is ordered accordingly. Sd/- THOTTATHIL B.RADHAKRISHNAN, Judge. kkb.