IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE K.M.JOSEPH FRIDAY, THE 1ST FEBRUARY 2008 / 12TH MAGHA 1929 OP.No. 20460 of 2001(I) -------------------------------- PETITIONERS: ------------------ 1. M/S.WALAYAR MOTELS PRIVATE LIMITED, A COMPANY INCORPORATED UNDER THE COMPANIES ACT, HAVING ITS REGD, OFFICE AT KANJIKODE WEST, PALAKKAD DISTRICT 678 623, REP.BY ITS MANAGING DIRECTOR SRI.K.RAMAKRISHNAN. 2. K.RAMAKRISHNAN, S/O.P.T.NARAYANAN NAIR, H.NO.121, CHANDRANAGAR COLONY, KUNNANUR AMSOM, PALAKKAD TALUK. BY ADV. SRI.E.K.NANDAKUMAR SMT.PRIYA MAHESH RESPONDENTS: ----------------------- 1. STATE BANK OF TRAVANCORE, P.B. NO.305, SURYA COMPLEX, T.B.ROAD, PALAKKAD 14 REP.BY BY CHIEF MANAGER. 2. THE DEBT RECOVERY TRIBUNAL, ERNAKULAM. 3. RESERVE BANK OF INDIA, BAKERY JUNCTION, THIRUVANANTHAPURAM. 4. UNION OF INDIA, MINISTRY OF FINANCE, REP.BY ITS SECRETARY (BANKING). R4 BY ADV. SMT.BINDU K NAIR - ACGSC R1 BY ADV. SRI.M.PATHROSE MATTHAI (SR.) SRI.SAJI VARGHESE R3 BY ADV. SRI.JACOB VARGHESE THIS ORIGINAL PETITION HAVING BEEN FINALLY HEARD ON 01/02/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: OP. NO.20460/2001 ORDER ON CMP. NO.33183/2001 , 55547/2001 IN OP. 20460/2001 DISMISSED 1.02.2008 SD/- K.M.JOSEPH, JUDGE APPENDIX PETITIONERS EXHIBITS EXT.P1:- COPY OF THE LETTER DT. 7.10.94 BY THE IST RESPONDENT TO THE IST PETITIONER. EXT.P2:- COPY OF THE LETTER DT. 15.11.94 BY THE IST RESPONDENT TO THE IST PETITIONER. EXT.P3:- COPY OF THE FAX MESSAGE DT. 27.11.95 BY THE PETITIONER TO THE IST RESPONDENT. EXT.P4:- COPY OF THE FAX MESSAGE SENT BY THE PETITIONER TO THE IST RESPONDENT DT. 27.11.95. EXT.P5:- COPY OF THE ORDER DT. 19.12.98 IN CMP. NO.43615/98 IN OP. NO.5111/98 BY THE HONOURABLE HIGH COURT OF KERALA. EXT.P6:- COPY OF THE ORDER DT. 12.3.99 PASSED BY THE HONOURABLE HIGH COURT OF KERALA IN CMP. NO.43615/98 IN OP. 5111/98. EXT.P7:- COPY OF THE COUNTER AFFIDAVIT FILED BY THE PETITIONERS BEFORE THE DRT, CHENNAI. EXT.P8:- COPY OF THE REJOINDER FILED BY THE SIT RESPONDENT BEFORE THE DRT, CHENNAI. EXT.P9:- COPY OF THE STATEMENT FILED BY THE IST RESPONDENT BANK BEFORE THE DRT, CHENNAI DT. 5.8.99. EXT.P10:- COPY OF THE REJOINDER STATEMENT FILED BY THE PETITIONERS BEFORE THE DRT, CHENNAI. EXT.P11:- COPY OF THE IA. NO.210/2000 FILED BY THE PETITIONERS BEFORE THE DRT, CHENNAI. EXT.P12:- COPY OF THE ORDER DT. 28.6.2000 PASSED BY THE DRT, ERNAKULAM. EXT.P13:- COPY OF THE AFFIDAVIT FILED BY THE IST RESPONDENT BEFORE THE DRT, ERNAKULAM. OP. NO.20460/2001 EXT.P14:- COPY OF THE AFFIDAVIT FILED BY THE PETITIONER BEFORE THE DRT, ERNAKULAM. EXT.P15:- COPY OF THE JUDGMENT/ORDER PASSED BY THE DRT, ERNAKULAM IN TA. NO.159/98. EXT.P16:- COPY OF THE NOTICE ISSUED BY THE RECOVERY OFFICER, DRT, ERNAKULAM. (CMP. NO.55547/2001). EXT.P16:- COPY OF THE LETTER DT. 10.3.93 BY THE IST RESPONDENT TO THE IST PETITIONER. EXT.P17:- COPY OF THE DETAILS OF THE PAYMENTS RECEIVED BY THE BANK AND RECORDED IN THEIR BOOKS OF THE ACCOUNT. EXT.P18:- COPY OF THE COUNTER STATEMENT FILED BY THE IST RESPONDENT BEFORE THE SUB COURT, PALAKKAD IN OS. 38/88. EXT.P19:- COPY OF THE STATEMENT OF ACCOUNT MAINTAINED BY THE IST RESPONDENT BANK. EXT.P20:- COPY OF THE LETTER DT. 21.10.95 BY THE IST RESPONDENT BANK TO THE IST PETITIONER. EXT.P21:- COPY OF THE REVISED GUIDELINES FOR COMPROMISE SETTLEMENT OF CHRONIC NON-PERFORMING ASSETS (NPAs)OF PUBLIC SECTOR BANKS NO.DBOP.BP. BC.65/21.04.117/02-03 DT. 29.1.03. EXT.P22:- COPY OF THE PAPER REPORT PUBLISHED IN THE HINDU DAILY DT. 10.2.03. /TRUE COPY/ P.S. TO JUDGE tss K.M.JOSEPH, J. - - - - - - - - - - - - - - - - - - - - - - - - - O.P. No.20460 of 2001 - - - - - - - - - - - - - - - - - - - - - - - - - Dated this the 1st day of February, 2008 JUDGMENT It is submitted by Sri.Pathrose Mathai, learned Senior Counsel appearing on behalf of the respondent that the issue raised in this Original Petition is covered against the petitioner by virtue of the decision of the Apex Court reported in Union of India v. Delhi High Court Advocates' Association ((2002) 4 SCC 275). Accordingly, the original petition fails and it is dismissed. (K.M. JOSEPH, JUDGE) sb K.M. JOSEPH, J. ---------------------------------- O.P. No.20460 of 2001 ---------------------------------- JUDGMENT 1.2.2008.