IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN FRIDAY, THE 6TH MARCH 2009 / 15TH PHALGUNA 1930 WP(C).No. 7313 of 2009(H) ------------------------- PETITIONER(S): --------------- SAJI JOSE, THADATHIL HOUSE, KSFE QTR NO.D30, IDUKKI COLONY P.O. BY ADV. SRI.JOBY JACOB PULICKEKUDY RESPONDENT(S): --------------- STATE BANK OF TRAVANCORE, REP. BY ITS CHIEF MANAGER (ADVANCE) ZONAL OFFICER, ERNAKULAM. BY SC SRI SATHISH NINAN THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 06/03/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B RADHAKRISHNAN, J ........................................... WP(C).NO. 7313 OF 2009 ............................................ DATED THIS THE 6TH DAY OF MARCH, 2009 JUDGMENT The petitioner availed a housing loan. On default in repayment he is facing proceedings under the SARFAESI Act. For the loan being regularised, the petitioner has to pay an amount of Rs.30,000/- more as of now. If the petitioner pays that amount on or before 25.3.2009, the bank will regularise the transaction, so that petitioner could continue to enjoy the benefit. If there is default in making payment of any of the instalments, bank will be entitled to further proceed with the impugned distress action. Writ petition ordered accordingly. THOTTATHIL B RADHAKRISHNAN, JUDGE lgk/7/3