IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON FRIDAY, THE 12TH JUNE 2009 / 22ND JYAISHTA 1931 WP(C).No. 5892 of 2009(F) ------------------------- PETITIONER(S): --------------- 1. K.PARAMESWARAN NAIR, S/O.P.R.KUNJURAMAN NAIR, RESIDING AT 'RANGAM', YGRA, C.27, KAVU ROAD, KOWDIAR P.O., TRIVANDRUM-3. 2. ASHA P.NAIR, W/O.K.PARAMESWARAN NAIR, RESIDING AT 'RAGAM', YGRA, C.27, KAVU ROAD, KOWDIAR P.O., TRIVANDRUM-3. BY ADV. SRI.P.PARAMESWARAN NAIR RESPONDENT(S): --------------- 1. THE JOINT REGISTRAR, CO-OPERATIVE SOCIETIES, THIRUVANANTHAPURAM. 2. THE KERALA STATE CO-OPERATIVE BANK LTD., REPRESENTED BY THE REGIONAL MANAGER IN CHARGE, THIRUVANANTHAPURAM. BY GOVERNMENT PLEADER Mr.BIJOY CHANDRAN ADV. SRI.NAGARAJ NARAYANAN,SC,K.S.CO-OP BANK FOR R2 THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 12/06/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: P.R.RAMACHANDRA MENON, J. ----------------------------------------------- WP(C) NO. 5892 OF 2009 ----------------------------------- Dated this the 12th day of June, 2009 JUDGMENT The petitioner has approached this Court challenging the coercive steps taken by the second respondent under the relevant provisions of the SARFAESI Act. 2. When the matter came up for consideration before this Court earlier, it was admitted and an interim order was granted on a condition that the petitioner remitted a sum of Rs.2,00,000/- on or before 28.03.2009, clearing the balance amount on or before 30.05.2009. 3. Learned counsel appearing for the petitioner submits that a sum of Rs.2,00,000/- has already been remitted. It is stated, the attempt of the petitioner to realise the balance amount by way of sale of some properties did not materialise on time and that the necessary arrangements are being made to raise funds on war footing. The petitioner has filed I.A.7108/2009 for enlargement of time to remit the balance amount, by 01.08.2009. I.A. is heard and allowed. In the above circumstances, nothing further remains to be adjudicated in the Writ Petition. The coercive proceedings will stand deferred WPC NO.5892/2009 2 till 01.08.2009. It is made clear that, if any default is made by the petitioner in honouring the commitment as above, the respondents will be at liberty to proceed with the coercive steps. The Writ Petition is disposed of as above. (P.R.RAMACHANDRA MENON, JUDGE) dnc