IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE K.M.JOSEPH TUESDAY, THE 17TH MARCH 2009 / 26TH PHALGUNA 1930 WP(C).No. 8332 of 2009(J) ------------------------------------------ PETITIONER(S): --------------------- ALICE SEBASTIAN, VARAKUKALAPARAMBIL HOUSE, KADAMAKUZHY P.O., KATTAPPANA, IDUKKI DISTRICT. BY ADV. SRI.JIJO PAUL RESPONDENT(S): ------------------------ 1. THE MANAGER, UNION BANK OF INDIA, KATTAPPANA BRANCH. 2. THE AUTHORISED OFFICER, UNION BANK OF INDIA, UNION BANK BHAVAN, M.G.ROAD, STATUTE JUNCTION, THIRUVANANTHAPURAM-695 001. BY SHRI A.S.P. KURUP, SC, UBI. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 17/03/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: K. M. JOSEPH, J. -------------------------------------- W.P.C. NO. 8332 OF 2009 J -------------------------------------- Dated this the 17th March, 2009 JUDGMENT Petitioner availed a loan from the respondent Bank. It was not repaid. Petitioner challenges Ext.P2 notice issued under the SARFAESI Act. Shri A.S.P. Kurup, learned standing counsel for the respondent Bank submits that if the petitioner pays Rs.75,000/= (Rupees Seventyfive Thousand) on or before 30.3.2009, the Loan Account will be regularised. Learned counsel for the petitioner submits that the petitioner will avail that benefit. Accordingly, the Writ Petition is disposed of as follows: Further proceedings will be kept in abeyance on condition that the petitioner pays Rs.75,000/= (Rupees Seventyfive Thousand) on or before 30.3.2009. Also, taking note of the submission of the learned standing counsel, it is ordered that if the petitioner pays Rs.75,000/=(Rupees Seventyfive Thousand) on or before 30.3.2009, the Loan Account of the petitioner will WPC.8332/09 J 2 be regularised. Necessarily, it is for the petitioner to make further payments to avoid any further action. In case the petitioner does not pay the amount of Rs.75,000/= on or before 30.3.2009, it will be open to the respondents to continue with the action against the petitioner in accordance with law. Sd/= K. M. JOSEPH, JUDGE kbk. // True Copy // PS to Judge