IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN THURSDAY, THE 20TH NOVEMBER 2008 / 29TH KARTHIKA 1930 WP(C).No. 30432 of 2008(W) --------------------------------------- PETITIONER: ------------------- SARJAN REALITIES LIMITED, 3RD FLOOR, 'SAI HIRA', MUNDWA ROAD, PUNE REPRESENTED BY ITS DIRECTOR, MR:NILESH.V.DHANANI. BY ADV. SRI.NAVEEN.T RESPONDENTS: ----------------------- 1. KERALA STATE CO-OPERATIVE BANK LTD. ERNAKULAM ZONAL OFFICE, DORAISWAMY IYER ROAD, KOCHI-35, REPRESENTED BY ITS GENERAL MANAGER. 2. CHADAYAN, S/O MASHAPPAN, NALLASHINKA HOUSE,SHOLAYUR.P.O, PALAKKAD DISTRICT, PIN-678581. BY ADV. SRI. NAGARAJ NARAYANAN. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 20/11/2008,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: prv. Thottathil B. Radhakrishnan, J. ================================== W.P.(C)No.30432 of 2008 ================================== Dated this the 20th day of November, 2008. JUDGMENT Heard the learned counsel for the petitioner and the learned counsel for the first respondent quite in extenso on the different aspects of the case in hand. I deem it appropriate that this Court refrains from referring to any of the factual details in view of the pendency of Ext.P2 complaint before the learned Chief Judicial Magistrate, Palakkad and also Ext.P3 application before the Debts Recovery Tribunal. The petitioner has demonstrated a strong prima facie case for an order that further proceedings under the Securitization Act as against the properties in question should stand suspended till Ext.P3 securitization application is taken up and considered by the DRT. It is so ordered. All other issues are left open. WPC30432/08 -:2:- Communicate a copy of this order to the learned Chief Judicial Magistrate, Palakkad and Registrar, DRT, who would list Ext.P3 for consideration. Thottathil B.Radhakrishnan, Judge. sl.