IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC THURSDAY, THE 7TH AUGUST 2008 / 16TH SRAVANA 1930 WP(C).No. 23635 of 2008(L) -------------------------------------- PETITIONER: ---------------- MOHAMMED ALI, S/O. BAVA, PARRYS GARDEN, KADUKKANKUNNAM, PALAKKAD. BY ADV. SRI.VINOD KUMAR.C RESPONDENTS: ---------------------- 1. STATE BANK OF TRAVANCORE REP. BY ITS GENERAL MANAGER, REGIONAL OFFICE, 24, HOTEL GREEN PARK BUILDING, MANJAKULAM ROAD, PALAKKAD. 2. AUTHORISED OFFICER STATE BANK OF TRAVANCORE, PALAKKAD. ADV. SRI.SAJI VARGHESE, SC FOR SBT THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 07/08/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: Rs/ ANTONY DOMINIC, J ----------------------------------------------------------- W.P.(C).No.23635/2008 ----------------------------------------------------------- Dated this the 7th day of August, 2008 JUDGMENT Proceedings under the Securitisation and Reconstruction of Financial Assets and Security Interests Act was initiated against the petitioner. Ext.P1 is the notice issued under Section 13(2) of the Act. It would appear that subsequently a compromise was discussed between the parties and the proposal was accepted by the Empowered Committee of the Bank. Thereafter, by Ext.P2 dated 16.7.2008 the compromise was approved subject to remittance of Rs.8.75 lakhs on or before 30.8.2008. 2. It is stated that in the meanwhile, by Ext.P3 notice issued on 8.7.2008, petitioner has been informed that an application has been made by the Bank for an order under Section 14 of the Act and that the case is posted to WP(c).No.23635/2008 2 17.7.2008. It is contending that the petitioner has time till 30.8.2008 to make payment of the compromise amount and apprehending that in the meanwhile, he may be evicted on the strength of an order under Section 14 that this writ petition has been filed. 3. I heard the counsel for the petitioner also. 4. Evidently, in terms of the compromise petitioner has time till 30.8.2008 and this is clear from Ext.P2. If that be so, even if in the meanwhile, an order under Section 14 has been obtained by the Bank, petitioner is not liable to be dispossessed before 30.8.2008. With the above observation, the writ petition is closed. ANTONY DOMINIC JUDGE vi. WP(c).No.23635/2008 3