IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM MONDAY, THE 28TH FEBRUARY 2011 / 9TH PHALGUNA 1932 WP(C).No. 1017 of 2011(B) ----------------------------------- PETITIONER(S): ------------------------ P.N.RAJEEV, S/O. NARAYANAN, AGED 39 YRS, PUTHUVALSTHALATH HOUSE, SOUTH MALIPURAM, AZHEEKAL POST, KOCHI-682 510. BY ADV. SRI.DENIZEN KOMATH RESPONDENT(S): -------------------------- 1. STATE BANK OF BIKANER & JAIPUR, P.B.NO.1064, CHITTOOR ROAD, ERNAKULAM-682 011, REPRESENTED BY ITS CHIEF MANAGER. 2. THE CHIEF MANAGER (AUTHORISED OFFICER), STATE BANK OF BIKANER & JAIPUR, P.B.NO.1064, CHITTOOR ROAD, ERNAKULAM-682 011. R1,2 BY ADVS. SRI.JAWAHAR JOSE SRI.MATHEWS V.JACOB (PARAVUR) THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 28/02/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: svs C.K.ABDUL REHIM,J. ------------------------------- WP(C).NO. 1017 of 2011 --------------------------------- Dated this the 28th day of February, 2011 JUDGMENT The writ petition was filed challenging coercive steps initiated under section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act). Considering the effective alternative remedy available to the petitioner , this court was not inclined to entertain this writ petition. However as a gesture of indulgence, dispossession of the petitioner from the property was stayed, subject to condition of the petitioner remitting a sum of Rs.3,00,000/- on or before 31.1.2011. Subsequently time for payment was extended on the basis of an application made, till 19.2.2011. Inspite of repeated adjournments it is reported that the petitioner has not complied with the condition as stipulated. 2. Under the above circumstances I am not inclined to entertain this writ petition any further. Accordingly, the writ petition is dismissed. C.K.ABDUL REHIM,JUDGE pmn/ WP(C) 2