IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC TUESDAY, THE 19TH FEBRUARY 2008 / 30TH MAGHA 1929 WP(C).No. 5134 of 2008(J) ---------------------------------------- PETITIONER: ------------------- SMT.MEENA KUMARI SUKU W/O. SUKU, AGED 49 YEARS KUNJUVALLIL (HOUSE)CHERAVALLOOR (PO) THRISSUR (DT) BY ADV. SRI.RAJESH PALAMATTAM RESPONDENTS: -------------------------- 1. MR.K.T.GEORGE, THE AUTHORIZED OFFICER STATE BANK OF INDIA REGIONAL BUSINESS OFFICE,BHARATHAKSHEMAM BUILDING, ST.THOMAS COLLEGE ROAD THRISSUR. 2. THE BRANCH MANAGER STATE BANK OF INDIA CHALALLUDY TOWN BRANCH, THRISSUR. BY ADV. SRI.K.K.CHANDRAN PILLAI,SC, THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 19/02/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. -------------------------- W.P.(C)No.5134 OF 2008 ----------------------------- DATED THIS THE 19TH DAY OF FEBRUARY, 2008 J U D G M E N T Proceedings were initiated against the petitioner under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The petitioner prays for an instalment facility to discharge the liability. 2. I have heard the Standing Counsel for the bank also. 3. Having regard to the submissions made, I dispose of this writ petition with the following directions. 1) That within one month from today, the petitioner shall remit 1/3rd of the amount that is due. 2) Subject to payment as above, further coercive action against the petitioner will stand deferred. 3) The balance amount that is due will be paid by the petitioner in six equal monthly instalments 4) The first out of the six instalments will be payable on the 15th of April, 2008 and the subsequent instalments be payable on the 15th of every succeeding months. Needless to say that, in case default is committed in paying any one of the instalments, the bank will be free to continue the action that it has already initiated. ANTONY DOMINIC, JUDGE. dsn