IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC MONDAY, THE 21ST JANUARY 2008 / 1ST MAGHA 1929 WP(C).No. 35980 of 2007(G) -------------------------- PETITIONER: ------------ K.P.R.MURALIDHARAN, OLD NO.217 A, NEW NO.118, RAMANATHAPURAM P.O., COIMBATORE-671045. BY ADV. SRI.UNNIKRISHNAN.V.ALAPATT SRI.K.S.FRIJO RESPONDENTS: ------------- CHIEF MANAGER, PUNJAB NATIONAL BANK, AR/MB, ERNAKULAM. BY ADV. SRI.K.P.SUDHEER THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 21/01/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: WPC35980/2007 APPENDIX PETITIONER'S EXHIBITS: EXT.P1: COPY OF SALE NOTICE DATED 25.10.2007 EXT.P2: COPY OF THE POSSESSION NOTICE DATED 15.9.2007 EXT.P2(a): COPY OF THE INVENTORY DATED 15.9.2007. EXT.P3: COPY OF THE TENDER NOTICE DATED 26.10.2007 EXT.P4: COPY OF THE APPLICATION FOR ONE TIME SETTLEMENT DATED 21.9.2005. /TRUE COPY/ P.A. TO JUDGE ANTONY DOMINIC, J. ------------------------------------------- W.P.(C) No.35980 of 2007 ------------------------------------------- Dated this the 21st day of January, 2008 JUDGMENT Proceedings were initiated against the petitioner under the Securitisation Act. According to the respondent bank, present dues from the petitioner is more than Rs.91 lakhs. It is taking into account that by order dated 5.12.2007 this court has directed the petitioner to remit Rs.20lakhs in two equal installments. Today, it is submitted by the counsel for the petitioner that this order has not been complied with. 2. But the petitioner now says that the respondent may be directed to consider Ext.P4 application made by him before the bank for one time settlement. If Ext.P4 has been received by the respondent, the respondent shall consider the same subject to the rules that are framed by for entertaining such requests for one time settlement. The writ petition is disposed of as above. ANTONY DOMINIC, JUDGE csl