IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN THURSDAY, THE 26TH FEBRUARY 2009 / 7TH PHALGUNA 1930 WP(C).No. 6146 of 2009(K) ------------------------- PETITIONER(S): --------------- 1. M.K. LATHA , AGED 47 YEARS, W/O. P.N. RADHAKRISHNAN, PROPRIETRIX, M/S STAR INDIA, PULLEPPADY ROAD, PADMA JUNCTION, ERNAKULAM, KOCHI 682 035. 2. P.N. RADHAKRISHNAN, AGED 49 YEARS, S/O. P.K. RADHAKRISHNAN , 60/109 PARAPPURATH HOUSE, KOTTECANAL ROAD, ERNAKULAM NORTH P.O, KOCHI 682 018,. BY ADV. SRI.ALOSIOUS GILBERT RESPONDENT(S): --------------- 1. PUNJAB NATIONAL BANK, KATHRIKADAVU BRANCH, ERNAKULAM, REP. BY ITS MANAGER. 2. ASST. RECOVERY OFFICER, PUNJAB NATIONAL BANK, ASSET RECOVERY MANAGEMENT BRANCH, 40/1461, MARKET ROAD, ERNAKULAM, KOCHI 682 011. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 26/02/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B.RADHAKRISHNAN, J. ------------------------------------------- W.P(C).No.6146 OF 2009 ------------------------------------------- Dated this the 26th day of February, 2009 JUDGMENT The petitioner having violated the terms of Ext.P1, there is really no ground to interfere with the impugned sale proceedings. However, taking into consideration the total remaining outstandings, it is directed that if the petitioner remits an amount of Rs.2,00,000/- within two weeks and the entire remaining amounts on or before 27.3.2009, the secured creditor shall not confirm the sale if held by the authorised officer. No other grounds raised for consideration. The writ petition is ordered accordingly. Sd/- THOTTATHIL B.RADHAKRISHNAN, Judge. kkb.26/2.