IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON TUESDAY, THE 3RD AUGUST 2010 / 12TH SRAVANA 1932 WP(C).No. 21244 of 2010(E) ---------------------------------------- PETITIONER(S): ---------------------- K.VINOD,S/O.KUTTAN NAIR, SASTHA AGENCIES, KARIVEETTIL HOUSE, AMBALAPPARA, OTTAPALAM TALUK,PALAKKAD DISTRICT. BY ADV. SRI.NAGARAJ NARAYANAN RESPONDENT(S): -------------------------- THE BRANCH MANAGER/AUTHORISED OFFICER, CANARA BANK, OTTAPALAM BRANCH,OTTAPALAM, PALAKKAD DISTRICT. BY ADV. SRI.PAULY MATHEW MURICKEN THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 03/08/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: tss P.R.RAMACHANDRA MENON, J -------------------------------------------- WP(C) NO. 21244 OF 2010 -------------------------------------------- Dated this the 3rd day of August, 2010 JUDGMENT The petitioner is challenging the steps taken by the respondent Bank invoking the remedy under the SARFAESI Act. When the matter came up for consideration before this Court on 14.07.2010, the learned counsel for the petitioner submitted that the petitioner wanted to have only 19 days' to satisfy the entire liability under the loan transaction, which however is stated as not complied with so far. 2. In the above circumstance, this Court does not find it as a fit case to call for any interference invoking the discretionary jurisdiction under Article 226 of the Constitution of India. The petitioner is at liberty to pursue the statutory remedy available in accordance with law. It is also made clear that, if the petitioner satisfies the entire outstanding liability before the date of sale, the position shall be recorded and steps may be taken by the respondent Bank to close the loan transaction. The Writ Petition is dismissed accordingly. P.R.RAMACHANDRA MENON JUDGE dnc