IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN WEDNESDAY, THE 25TH MARCH 2009 / 4TH CHAITHRA 1931 WP(C).No. 8691 of 2009(F) ------------------------- CMP.5867/2008 of C.J.M.,TRIVANDRUM .................... PETITIONER(S): --------------- SREEVALSAN.K., KRISHNAVILAS, MELATTINGAL, ALAMKODU P.O., ATTINGAL, THIRUVANANTHAPURAM DISTRICT. BY ADV. SRI.M.ZIYAD SRI.SANU.S.PANICKER RESPONDENT(S): --------------- CHIEF MANAGER, STATE BANK OF TRAVANCORE, ATTINGAL BRANCH, THIRUVANANTHAPURAM. BY ADV.SRI.R.S.KALKURA, S.C. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 25/03/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B.RADHAKRISHNAN, J. ------------------------------------------- W.P(C).No.8691 OF 2009 ------------------------------------------- Dated this the 25th day of March, 2009 JUDGMENT The petitioner availed a housing loan. He challenges the SARFAESI Act proceedings initiated on account of default in repayment. There is no jurisdictional error in the matter since the outstandings are not disputed and the accruals have taken the account to the status of a Non-Performing Asset. The bank states that if an amount of Rs.1,31,000/- is paid on or before 31.3.2009, it would regularise the transaction and let the petitioner continue to enjoy the facility of the housing loan. This is recorded. The petitioner states that he would remit the aforesaid amount by 15.4.2009. If such remittance is made, the bank will do the needful in terms of the aforesaid. The writ petition is ordered accordingly. Sd/- THOTTATHIL B.RADHAKRISHNAN, Judge. kkb.25/3.