IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC MONDAY, THE 31ST MARCH 2008 / 11TH CHAITHRA 1930 W.P(C).No. 8612 of 2008(A) -------------------------------- PETITIONER: -------------- PRASANNAKUMAR M.A., MELATHIL HOUSE, LAKSHMI NIVAS, MYLAPRA P.O, KOIPURAM, KOZHENCHERRY, PATHANAMTHITTA. BY ADV. SRI.M.R.SASITH SRI.M.R. SARIN RESPONDENTS: ----------------- 1. MANAGER, THE FEDERAL BANK LTD., REGIONAL OFFICE, P.B.NO.80, COLLEGE ROAD, PATHANAMTHITTA. 2. AUTHORISED OFFICER, THE FEDERAL BANK LIMITED, REGIONAL OFFICE, P.B.NO.80, COLLEGE ROAD, PATHANAMTHITTA ROAD. BY ADV. SRI.MOHAN JACOB GEORGE, SC SMT.P.V.PARVATHI SMT.REENA THOMAS SRI.L.RAM MOHAN THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 31/03/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. = = = = = = = = = = = = = = = = W.P.(C) No. 8612 OF 2008 A = = = = = = = = = = = = = = = = Dated this the 31st March, 2008 J U D G M E N T In this writ petition the challenge is against Ext. P2, a notice issued under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Petitioner seeks only an instalment facility and is agreeable to pay in five equal monthly instalments. 2. In view of the above, this writ petition is disposed of directing that the amount due from the petitioner shall be paid to the 1st respondent in 5 equal monthly instalments, the first of which will be payable on or before 15th April, 2008 and the subsequent instalments will be payable on 15th of every succeeding month. 3. Subject to payment as above, further proceedings pursuant to Ext. P2 will stand deferred and in case the petitioner commits W.P.(C) No. 8612 OF 2008 -2- default in paying any one of the instalments, the bank will be free to continue the action it has already initiated. ANTONY DOMINIC JUDGE jan/-