IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN TUESDAY, THE 28TH OCTOBER 2008 / 6TH KARTHIKA 1930 R.P.No. 1121 of 2008() --------------------- (AGAINST THE ORDER DT.29-7-2008 IN REPORT NO.3 IN C.P.26/2006) REVIEW PETITIONER(S): -------------------- STATE BANK OF TRAVANCORE, MAVOOR ROAD BRANCH, KOZHIKODE REPRESENTED BY ITS CHIEF MANAGER. BY ADV. SRI.SANTHOSH MATHEW SRI.SATHISH NINAN RESPONDENT/APPLICANT: --------------------- THE OFFICIAL LIQUIDATOR, HIGH COURT OF KERALA, ERNAKULAM. BY ADV. SRI.K.MONI. THIS REVIEW PETITION HAVING COME UP FOR ADMISSION ON 28/10/2008, THE COURT ON THE SAME DAY PASSED THE FOLLOWING: THOTTATHIL B. RADHAKRISHNAN, J. = = = = = = = = = = = = = = = = = = = = = = = = R.P.No.1121 of 2008 = = = = = = = = = = = = = = = = = = = = = = = = Dated this the 28th day of October, 2008. O R D E R This review petition is filed on the premise that the review petitioner was obliged to pay an amount of Rs.30,000/- following the order sought to be reviewed. The bank had rightly taken the view that though the last sentence in the order sought to be reviewed is only a liberty to the Official Liquidator to request the bank, it essentially contains the views of this Court. As of now, it is pointed out that the bank does not have a pari passu charge and has only a second charge and therefore, it may not be worthwhile for the bank to attempt to protect the property at par with the rights to be worked out by KSIDC. Accordingly, it is clarified that the order does not oblige the bank to pay any amount towards the charges for maintaining the security. The RP1121/08 -: 2 :- Official Liquidator will proceed for such amounts also against the secured creditors who may have the first charge. The review petition is ordered accordingly. THOTTATHIL B. RADHAKRISHNAN, JUDGE. Sha/301008