IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN TUESDAY, THE 17TH FEBRUARY 2009 / 28TH MAGHA 1930 WP(C).No. 38260 of 2008(D) -------------------------- PETITIONER(S): --------------- M.A.NISSAR, SATHAR MANZIL, KUMARANELLOR P.O., KOTTAYAM. BY ADV. SRI.SUNIL JACOB JOSE RESPONDENT(S): --------------- 1. M/S FEDERAL BANK LTD., REGIONAL OFFICE, ALUVA, REPRESENTED BY ITS CHAIRMAN. 2. SENIOR MANAGER, M/S FEDERAL BANK LTD., KANJIKUZHY, K.K.ROAD, KOTTAYAM. ADV. SRI.MOHAN JACOB GEORGE FOR R1 & 2 SMT.P.V.PARVATHI FOR R1 & 2 SMT.REENA THOMAS FOR R1 & 2 SRI.L.RAM MOHAN FOR R1 & 2 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 17/02/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B RADHAKRISHNAN, J ........................................... WP(C).NO. 38260 OF 2008 ............................................ DATED THIS THE 17TH DAY OF FEBRUARY, 2009 JUDGMENT Following the interim orders, the petitioner remitted certain amounts. As of now, the bank states that if the entire remaining amount is paid by the end of this financial year, the transaction could be closed. No other grounds are pressed by the petitioner. The writ petition is hence ordered, foreclosing all other contentions and directing that the impugned distress action will stand deferred to 30.3.2009 and if the entire remaining amounts are not paid on or before 28.3.2009, the bank will be entitled to further enforce the securitization proceedings from its present stage. THOTTATHIL B RADHAKRISHNAN, JUDGE lgk/18/2