IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN MONDAY, THE 25TH JULY 2011 / 3RD SRAVANA 1933 WP(C).No. 16458 of 2011(F) -------------------------------------- PETITIONER: ------------------- JOGY THOMAS.,S/O.K.O.THOMAS, KAKKASSERY HOUSE,KAKKASSERY ROAD, POST PAVARATTY, THRISSUR DISTRICT. BY ADV. SRI.C.M.MOHAMMED IQUABAL. RESPONDENTS: ------------------------ 1. THE SOUTH INDIAN BANK LTD, REGIONAL OFFICE, KOZHIKODE, P.B.NO.933 CHAKKORATHKULAM, WEST HILL P.O – 675 051, KOZHIKODE, REP.BY ITS MANAGER. 2. THE AUTHORISED OFFICER, THE SOUTH INDIAN BANK LTD, REGIONAL OFFICE,KOZHIKODE, P.B.NO.933,CHAKKORATHKULAM, WEST HILL P.O., KOZHIKODE – 675 051. 3. THE MANAGER, SOUTH INDIAN BANK LTD, PUTHANATHANNI BRANCH OFFICE, POST PUTHANATHANI, TIRUR TALUK, MALAPPURAM DISTRICT – 676 016. 4. M.S.KAKKASSERY AUTOS, NADUVILANGADI, TIRUR, MALAPPURAM DISTRICT, REP.BY ITS MANAGING PARTNER, JOLLY KAKKASSERY -676 016. 5. JOLLY KAKKASSERY, S/O.LATE K.O.THOMAS, MANAGING PARTNER, M.S.KAKKASSERY AUTOS, NADUVILANGADI, TIRUR, MALAPPURAM DISTRICT – 676 017. W.P.(C). NO.16458/2011-F: 6. VINCENT T.K.,S/O.T.P.KURIAPPAN, PARTNER, M.S.KAKKASERY AUTOS, NADUVILANGADI, TIRUR, MALAPPURAM DISTRICT – 676 017. 7. JOSEPH AUGUSTINE, S/O.E.J.AUGUSTINE, PARTNER, M.S.KAKKASSERY AUTOS, NADUVILANGADI, TIRUR, MALAPPURAM DISTRICT – 676 017. R1 TO R3 BY ADVS. SRI.GEORGE VARGHESE,SC,SOUTH INDIAN BANK, SMT.LIZA P.CHERIAN. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 25/07/2011,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: W.P.(C). NO.16458/2011-F: APPENDIX PETITIONERS' EXHIBITS: EXT.P.1: COPY OF THE NOTICE DTD. 08/07/2008 ISSUED BY THE R.2. EXT.P.2: COPY OF THE NOTICE ISSUED BY THE BANK DTD. 26/08/2009. EXT.P.3: COPY OF THE JUDGMENT DTD. 22/10/2009 IN W.P.(C).NO.29485/2009 OF THIS HON'BLE COURT. EXT.P.4: COPY OF THE APPLICATION UNDER RIGHT TO INFORMATION ACT FILED BY THE BROTHER OF THE PETITIONER DTD. 08/12/2009. EXT.P.5: COPY OF THE REPLY ISSUED BY THE BANK TO EXT.P.4. APPLICATION DTD. 15/12/2009. RESPONDENTS' EXHIBITS: NIL. //TRUE COPY// P.A. TO JUDGE. Prv. S. SIRI JAGAN, J. - - - - - - - - - - - - - - - - - - - - - - - W.P.(C)No.16458 of 2011 - - - - - - - - - - - - - - - - - - - - - - - Dated this the 25th day of July, 2011 J U D G M E N T The petitioner challenges sale proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). The petitioner has an effective alternate remedy by way of filing an application/appeal before the Debt Recovery Tribunal under Section 17 of the Act. Therefore I am not inclined to exercise my discretionary jurisdiction in favour of the petitioner especially since the Hon'ble Supreme Court has frowned upon the High Courts entertaining writ petitions challenging proceedings under the SARFAESI Act. Accordingly the writ petition is dismissed. Sd/- S. SIRI JAGAN JUDGE //True copy// P.A. TO JUDGE shg/