IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC FRIDAY, THE 6TH JUNE 2008 / 16TH JYAISHTA 1930 WP(C).No. 16578 of 2008(W) -------------------------- PETITIONER: --------------- ABDUL KAREEM.K.M., S/O.MOIDEENKUTTY, ALLAMPURATHUKADU HOUSE, KAMBA, KINAVALLUR POST, PALAKKAD-678 615. BY ADV. SRI.SAJAN VARGHEESE K. RESPONDENTS: ------------------ 1. STATE BANK OF TRAVANCORE, CHANDRA NAGAR, PALAKKAD, REP. BY ITS MANAGER. 2. THE AUTHORISED OFFICER, STATE BANK OF TRAVANCORE, REGIONAL OFFICE, GREEN PARK BUILDING, MANJAKULAM ROAD, PALAKKAD-678 014. BY SRI.SAJI VARGHEESE, SC FOR SBT THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 06/06/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. = = = = = = = = = = = = = = = = = W.P.(C) No. 16578 OF 2008 W = = = = = = = = = = = = = = = = = Dated this the 6th June 2008 J U D G M E N T The proceedings initiated against the petitioner under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 is under challenge. It is seen that the bank has issued possession notice and that has been produced as Ext. P6. Though several contentions have been urged in the writ petition, when the matter was taken up the counsel for the petitioner only seeks an instalment facility to pay off the amount due. 2. I heard the counsel for the bank also. 3. Considering the limited nature of the relief that is now sought for by the counsel for the petitioner this writ petition is disposed of with the following directions: I) That on or before the 30th of June, 2008 petitioner shall pay an amount of Rs.50,000/- to the respondent bank. Subject to such payment further proceedings pursuant to Ext. P6 will be deferred by W.P.(C) No. 16578 OF 2008 -2- the bank. II) It is directed that the balance amount should be paid by the petitioner in 5 equal monthly instalments the first of which will be payable before the 30th of July, 2008 and the subsequent instalments, before the 30th of every succeeding month. III) It is clarified that in case the petitioner fails in discharging the liability as above, the bank will be free to continue the proceedings that they have already initiated. ANTONY DOMINIC JUDGE jan/-