IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN WEDNESDAY, THE 3RD SEPTEMBER 2008 / 12TH BHADRA 1930 WP(C).No. 23239 of 2008(N) -------------------------- PETITIONER: ----------------- GOPALAKRISHNAN, K.G. KOCHUPARAMBIL HOUSE, EZHACHERRY P.O., KOLLAPPALLY, KOTTAYAM - 686 576. BY ADV. SRI.PHILIP T.VARGHESE SRI.THOMAS T.VARGHESE RESPONDENTS: ------------------- 1. THE DISTRICT MAGISTRATE, KOTTAYAM. 2. THE TAHSILDAR, MEENACHIL, 3. HOUSING DEVELOPMENT FINANCE CORPORATION, H.D.F.C. HOUSE, RAVIPURAM JUNCTION, M.G. ROAD, ERNAKULAM 682 015. 4. THE AUTHORISED OFFICER UNDER SARFAESI ACT, HOUSING DEPARTMENT FINANCE CORPORATION, H.D.F.C. HOUSE, RAVIPURAM JUNCTION, M.G.ROAD, ERNAKULAM - 682 015. BY ADV. SRI.K.K.CHANDRAN PILLAI, SC, HDFC FOR R3 & 4 GOVERNMENT PLEADER SRI. I.V. PRAMOD. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 03/09/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: S. SIRI JAGAN, J. ------------------------------------ W.P.(C)No.23239 OF 2008 ---------------------------------------- Dated this the 3rd day of September, 2008 JUDGMENT The petitioner is challenging proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, initiated by respondents 3 and 4 to recover loan amounts due from the petitioner to them. The petitioner submits that the petitioner undertakes to pay the entire balance amount on or before 7.10.2008. In the above circumstances, this writ petition is disposed of with a direction to respondents 3 and 4 to give the petitioner time till 7.10.2008 for payment of the entire balance amount due. If the petitioner does not pay the amount by 7.10.2008, it would be open to the respondents to continue proceedings as now initiated without having to issue any fresh notice or proceedings in that regard. S. SIRI JAGAN, JUDGE Acd