IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC TUESDAY, THE 1ST APRIL 2008 / 12TH CHAITHRA 1930 WP(C).No. 6794 of 2008(H) -------------------------------- CMP.5065/2007 of C.J.M.,TRIVANDRUM ................................. PETITIONER: -------------- M.RAMACHANDRAN, T.C.25/40, MADATHU VILAKAM HOUSE, ANAYARA P.O., THIRUVANANTHAPURAM. BY ADV. SRI.G.SUDHEER RESPONDENT: --------------- PNB HOUSING FINANCE LIMITED, THIRUVANANTHAPURAM BRANCH, CAPITAL TOWERS, STATUE, THIRUVANANTHAPURAM, REP. BY AUTHORISED OFFICER. BY ADV. SRI.P.RADHAKRISHNAN, SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 01/04/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. = = = = = = = = = = = = = = = = W.P.(C) No. 6794 OF 2008 H = = = = = = = = = = = = = = = = Dated this the 1st April, 2008 J U D G M E N T Petitioner is a defaulter to the respondent. Proceedings were initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and at present, an application filed under Section 14 of the Act is pending consideration of the Chief Judicial Magistrate, Thiruvananthapuram. At that stage the writ petition has been filed by the petitioner and the learned counsel confines his request to one for an instalment facility to discharge the liability. 2. The learned Standing Counsel appearing for the respondent would state that as at present the liability of the petitioner is to the tune of Rs.2,96,792/-. On the request made by the learned counsel for the petitioner for an instalment facility also, I heard the Standing Counsel. 3. Having regard to the submissions made, this writ petition is W.P.(C) No. 6794 OF 2008 -2- disposed of directing that the petitioner will be permitted to discharge the entire amount due to the respondent in 4 equal monthly instalments, the first of which will be payable on or before 30.4.2008 and the subsequent instalments will be payable before the 30th of every succeeding month. Subject to payment as above, further proceedings will stand deferred and it is clarified that in case of default the respondent will be free to continue the proceedings that has already been initiated. ANTONY DOMINIC JUDGE jan/-