IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC THURSDAY, THE 27TH MARCH 2008 / 7TH CHAITHRA 1930 W.P(C).No. 8501 of 2008(K) --------------------------------- PETITIONER: -------------- M. BABU, CHALLAPADANNAYIL PARABRAHMA HOUSE, AYIRAM THENGU ALUMPEEDIKA P.O., OACHIRA. BY ADV. SRI.R.BINDU (SASTHAMANGALAM) RESPONDENTS: ----------------- 1. MANAGER, STATE BANK OF TRAVANCORE CLAPPANA BRANCH, ALUMPEEDIKA P.O. 2. THE AUTHORIZED OFFICER, (THE CHIEF MANAGER), REGION IV, ZONAL OFFICE STATE BANK OF TRAVANCORE, THIRUVANANTHAPURAM. 3. THE DISTRICT COLLECTOR, KOLLAM. 4. THE STATE OF KERALA REPRESENTED BY THE SECRETARY TO GOVERNMENT DEPARTMENT OF REVENUE (H), GOVERNMENT SECRETARIAT THIRUVANANTHAPURAM. BY ADV. SRI.SATHISH NINAN, SC FOR SBT GOVT. PLEADER, SRI. I.V. PRAMOD, R3 & R4 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 27/03/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. =============== W.P.(C) NO. 8501 OF 2008 K ==================== Dated this the 27th day of March, 2008 J U D G M E N T In this writ petition challenging the Securitisation proceedings, petitioner has not made out a case for interference on the merits. At that stage, counsel for the petitioner confines his request to an instalment facility. 2. Counsel for the Bank opposes the same on the ground that the unit itself is not functioning and therefore, petitioner has no intention to revive the unit. 3. Be that as it may, now that the petitioner only seeks a limited relief, I direct that the petitioner may discharge the liability that is due to the Bank in six equal monthly instalments, first of which will be payable on or before 15/4/2008 and the subsequent instalments will be payable before the 15th of every succeeding month. 4. Subject to payment as above, further proceedings will stand deferred and in case default is committed, the Bank will be free to continue the proceedings that it has already initiated. Writ petition is disposed of as above. ANTONY DOMINIC,JUDGE. Rp