IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON THURSDAY, THE 10TH MARCH 2011 / 19TH PHALGUNA 1932 WP(C).No. 2774 of 2011(V) ------------------------- PETITIONER(S): --------------- SUGATHAN.K.V, KODERI HOUSE, VALAPAD PO,THRIPRAYAR,THRISSUR. BY ADV. SRI.JINU JOSEPH RESPONDENT(S): --------------- 1. STATE BANK OF INDIA, RASMECCC, MAHESWARI BUILDING, M.ROAD, THRISSUR REP.BY ITS AUTHORISED OFFICER/ ASST.GENERAL MANAGER.PIN682 011. 2. SAJAN T.S, THANDIKKAPARAMPIL HOUSE, KARIKATUKARA LANE, KURIACHIRA PO,THRISSUR PIN-680006. ADV. SRI.K.K.CHANDRAN PILLAI, SENIOR ADVOCATE FOR R1 SRI.A.S.SAJUSH PAUL FOR R1 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 10/03/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: P.R.RAMACHANDRA MENON, J. ------------------------- W.P (C) No.2774 of 2011 -------------------------- Dated this the 10th March, 2011 J U D G M E N T Petitioner is challenging the steps taken by the respondent Bank for realisation of the amount allegedly due from the petitioner in respect of the loan availed by the 2nd respondent invoking the remedy under the SARFAESI Act. 2. When the matter came up before this Court on 27.1.2011, the following interim order was passed: "Standing counsel for 1st respondent seeks time to get instructions. Meanwhile, the petitioner shall not be dispossessed from the property on the basis of Ext.P2 notice, if not already dispossessed for a period of three weeks subject to condition of the petitioner remitting a sum of Rs.2,50,000/- within three weeks from today. Post after three weeks" 3. Stating that the petitioner could not satisfy the condition, I.A No. 2975/2011 was filed for granting extension of time, wherein, this Court passed the following order on 22.2.2011. "Extension sought for is opposed by the standing counsel appearing for respondents. As per stipulation contained in the order dated 27.1.2011, the petitioner ought to have remitted W.P (C) No. 2774 of 2011 2 the amount on or before 17.2.2011. Petitioner is seeking extension for a period of two weeks. However, as a last chance extension is granted till 3.3.2011, making it clear that no further extension will be granted under any circumstance and on failure the writ petition will be dismissed. Post on 7.3.2011. Interim order will continue till then" 4. The learned counsel for the petitioner submits that the petitioner could not satisfy the condition even within the extended time. In the above circumstances, this Court does not find it fit or proper to exercise the discretionary jurisdiction vested with this Court to extend any relief to the petitioner. Interference is declined. The writ petition is dismissed. Sd/- P.R.RAMACHANDRA MENON, JUDGE ma /True copy/ P.A to Judge