IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM MONDAY, THE 11TH APRIL 2011 / 21ST CHAITHRA 1933 WP(C).No. 5862 of 2011(G) ------------------------- PETITIONER(S): --------------- MOIDEEN, VALLIYATH HOUSE, P.O. IRINGATH, PAYYOLI VIA, KOZHIKODE - 673 523. BY ADV. SRI.DEVAPRASANTH.P.J. RESPONDENT(S): --------------- AUTHORISED OFFICER (CHIEF MANAGER), REGIONAL OFFICE, KOZHIKODE, SOUTH INDIAN BANK, P.B. NO. 933, CHAKKORATHKULAM, WEST HILL.P.O, KOZHIKODE - 673 005. ADV. SRI.K.K.JOHN,SC,SOUTH INDIAN BANK FOR R1 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 11/04/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.K.ABDUL REHIM, J --------------------------------------- W.P(C) No.5862 of 2011-G ---------------------------------------- Dated this the 11th day of April, 2011. J U D G M E N T Considering availability of effective alternative remedy this court was not inclined to entertain the challenge raised against the proceedings initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). However, on the basis of an appeal made by the petitioner, dispossession was stayed subject to condition of the petitioner remitting a sum of Rs.6 lakhs within three weeks from 24.2.2011. Inspite of several adjournments granted thereafter, the petitioner has not complied with the conditions stipulated. Learned counsel for the petitioner submits that he has no instruction from the petitioner with respect to compliance of the condition. 2. Under the above circumstances, I am not inclined to entertain this writ petition any further. 3. Accordingly, the writ petition is dismissed. However, rights if any available to the petitioner to invoke statutory remedy will stand reserved. C.K.ABDUL REHIM ab JUDGE