IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN TUESDAY, THE 4TH OCTOBER 2011 / 12TH ASWINA 1933 WP(C).No. 25755 of 2011(T) --------------------------------------- PETITIONER(S): ---------------------- 1. BOSE ABRAHAM, S/O.LATE M.K. ABRAHAM MADICKAL HOUSE, VENGOLA P.O., PERUMBAVOOR- 685 554. 2. SHEENA BOSE, W/O.BOSE ABRAHAM MADAICKAL HOUSE, VENGOLA P.O., PERUMBAVOOR- 683 554. BY ADV. SRI.N.NAGARESH, SRI.SHAJI THOMAS, SRI.BINU PAUL, SRI.T.V.VINU, SRI.SHINE MATHEWS (VADAKKEKARA), SRI.ARUN CHANDY. RESPONDENT(S): ------------------------ 1. AUTHORISED OFFICER UNDER SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT 2002, CAN FIN HOMES LTD, TC.28/2452 GROUND FLOOR, M.G. ROAD, THIRUVANANTHAPURAM-695 001. 2. CAN FIN HOMES LTD, REPRESENTED BY ITS MANAGING DIRECTOR 29/1, SIR M.N. KRISHNA RAO ROAD BASAVANAGUDI, BANGALORE-560 004. 3. MANAGER CAN FIN HOMES LTD.NO.28/2452 GROUND FLOOR, M.G. ROAD, THIRUVANANTHAPURAM-695 001. BY ADV. MR.AJITH KUMAR. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 04/10/2011,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: rs WP(C).No. 25755 of 2011(T) APPENDIX PETITIONER'S EXHIBITS: EXT.P1 TRUE COPY OF LOAN CERTIFICATE DT.28.9.2011 ISSUED BY THE THE 3RD RESPONDENT. EXT.P2 TRUE COPY OF THE POSSESSION NOTICE DT.14.01.2005 OF THE 3RD RESPONDENT. EXT.P3 TRUE COPY OF THE SALE NOTICE DT.3.6.2005 ISSUED BY THE IST RESPONDENT. EXT.P4 TRUE COPY OF THE ORDER IN CMP.4298/2009 DT.16.11.2009 OF THE COURT OF THE CJM, THIRUVANANTHAPURAM. EXT.P5 TRUE COPY OF THE LETTER DT.11.1.2010 SUBMITTED TO THE 3RD RESPONDENT. EXT.P6 TRUE COPY OF LETTER DT.10.2.2010 OF THE IST RESPONDENT. EXT.P7 TRUE COPY OF THE LETTER DT.27.02.2010 SUBMITTED BY THE IST PETITIONER TO RESPONDENT 1 & 3. EXT.P8 TRUE COPY OF LETTER DT.9.6.2010 SUBMITTED BY THE IST PETITIONER. EXT.P9 TRUE COPY OF THE JUDGMENT IN WP(C) NO.7183/2010 DT.15.6.2010 OF THIS HON'BLE COURT. EXT.P10 TRUE COPY OF THE LETTER DT.5.7.2010 ISSUED BY THE IST RESPONDENT. EXT.P11 TRUE COPY OF THE REPRESENTATION DT.26.8.2011 FILED BY THE IST PETITIONER. RESPONDENT'S EXHIBITS:- NIL. //TRUE COPY// P.S. TO JUDGE rs S. Siri Jagan, J. =-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-= W.P(C) No. 25755 of 2011 =-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-= Dated this, the 4th day of October, 2011. J U D G M E N T The petitioners challenge proceedings under the Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Petitioners have very serious disputes regarding the amounts due. Further, the securitisation proceedings have already ended in a sale in favour of a third party. In view of the above circumstances, the petitioners' remedy lies in approaching the Debt Recovery Tribunal appropriately. Therefore, without prejudice to that right, this writ petition is dismissed. Sd/- S. Siri Jagan, Judge. Tds/