IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON WEDNESDAY, THE 20TH JANUARY 2010 / 30TH POUSHA 1931 WP(C).No. 884 of 2010(I) ---------------------------------- PETITIONER(S): ---------------------- VINOD RAJ.L, MAHESH BHAVAN, MYLAPORE UMAYANALLOOR P.O., PARIPALLY, KOLLAM. BY ADV. SRI.M.R.SASITH PANICKER RESPONDENT(S): ------------------------ AUTHORISED OFFICER, STATE BANK OF TRAVANCORE, PARIPALLY BRANCH, KOLLAM. BY ADV.SRI.R.S.KALKURA THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 20/01/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ami P.R.RAMACHANDRA MENON, J ----------------------------- W.P(C) No. 884 of 2010-I ------------------------------ Dated this the 20th day of January, 2010. J U D G M E N T The petitioner is aggrieved of the steps taken by the respondent bank invoking the provisions under the SARFAESI Act. When the matter came up for consideration before this Court on 11.1.2010, the above steps were intercepted by this Court, subject to the condition that the petitioner deposited a sum of Rs.3,00,000/-, as undertaken by the learned counsel on behalf of the petitioner, within one week. The learned counsel for the petitioner submits that the petitioner could not satisfy the condition imposed by this Court and obviously there is no petition for extension of time as well. In the above facts and circumstances, this Court does not find it necessary to keep the Writ Petition pending any further and does not propose to invoke the discretionary jurisdiction under Article 226 of the Constitution of India. Accordingly, interference is declined and the Writ Petition is dismissed, however without prejudice to the right of the petitioner to challenge the proceedings by resorting to the appropriate remedy available under the statute. Sd/- ab P.R.RAMACHANDRA MENON, JUDGE //True Copy//