IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM WEDNESDAY, THE 6TH OCTOBER 2010 / 14TH ASWINA 1932 WP(C).No. 28441 of 2010(E) -------------------------- PETITIONER(S): --------------- KAROL CHARLES, W/O.CHARLES JOSE, KOZHIPAT HOUSE, ANCHERY P.O., TRICHUR. BY ADV. SMT.S.MUMTAZ RESPONDENT(S): --------------- STATE BANK OF TRAVANCORE, REP. BY THE AUTHORISED OFFICER, STRESSED ASSETS RESOLUTION CENTRE, GEETHANJALI BUILDINGS, PARAMEKKAVU, TRICHUR. ADV. SRI.T.SETHUMADHAVAN FOR R1 SRI.PUSHPARAJAN KODOTH FOR R1 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 06/10/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.K. ABDUL REHIM, J ------------------------------- WP(C) NO. 28441 OF 2010 ------------------------------------- Dated this the 6th day of October, 2010 JUDGMENT The petitioner had approached this Court at a stage when an order was issued by the Chief Judicial Magistrate Court under Section 14 (1) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) and when an Advocate Commissioner appointed by that Court had issued notice of eviction. On 14.09.2010, this Court had passed an interim order staying dispossession of the petitioner subject to condition of the petitioner paying a sum of Rs.2 lakhs. 2. It is submitted by learned counsel appearing for the respondent Bank that, pursuant to the interim order the petitioner had remitted amounts required to reclassify the loan account as a 'performing asset'. Accordingly the loan was already been reclassified as a 'performing asset' and the Bank is permitting the 2 WP(C) No. 28441/2010 petitioner to continue future payments in accordance with the original schedule of repayment. 3. The above submission is recorded. Since grievance of the petitioner stands redressed as such, the Writ Petition is closed. C.K. ABDUL REHIM JUDGE dnc