IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC FRIDAY, THE 22ND FEBRUARY 2008 / 3RD PHALGUNA 1929 W.P.(C).No. 36953 of 2007(Y) ---------------------------------- PETITIONERS: --------------- 1. P.JAGADEESH MENON, S/O.PADMANABHA MENON, A - 7, ANJALI GARDENS, PALLIPURAM POST, PALAKKAD DISTRICT. 2. SMT.PREETHA JAGADEESH MENON, W/O.P.JAGADEESH MENON, A - 7, ANJALI GARDENS, PALLIPURAM POST, PALAKKAD DISTRICT. BY ADV. SRI.C.MURALIKRISHNAN (PAYYANUR) RESPONDENTS: ----------------- 1. THE REGIONAL MANAGER, PUNJAB NATIONAL BANK, REGIONAL OFFICE, MARKET ROAD, ERNAKULAM. 2. THE SENIOR MANAGER, PUNJAB NATIONAL BANK, PRIYADARSHINI ROAD BRANCH OFFICE, PALAKKAD. BY ADV. SRI.C.AJITH KUMAR THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 22/02/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. =============== W.P.(C) NO. 36953 OF 2007 Y ==================== Dated this the 22ndday of February, 2008 J U D G M E N T This writ petition is filed challenging the proceedings initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act. An interim order was passed on 13/12/2007. Since the conditions were not satisfied, it was directed on 14/1/2008 that the petitioners may prove their bonafides by making payment. Even thereafter, though extension of time was sought on more than one occasion, the order has not been complied with. 2. The pleadings show that the petitioners are defaulters to the respondents. If that be so, the Bank cannot be faulted for the action it has taken. If at all the petitioners have any grievance, it is for the petitioners to pursue the same in accordance with the remedies that are provided in the Act itself. Writ petition fails and is dismissed. ANTONY DOMINIC,JUDGE. Rp