IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN THURSDAY, THE 26TH MARCH 2009 / 5TH CHAITHRA 1931 WP(C).No. 8724 of 2009(I) ------------------------- PETITIONER(S): --------------- 1. JUBAIRIYETHU BEEVI, MANSAJ MANZIL, THAZHAMEL, ANCHAL. 2. A.FAZALUDEEN, MANSAJ MANZIL, THAZHAMEL, ANCHAL. BY ADV. SRI.R.SURAJ KUMAR SMT.GEETHA P.MENON SRI.N.AJITH RESPONDENT(S): --------------- 1. THE STATE BANK OF TRAVANCORE, REP. BY THE CHAIRMAN, STATE BANK OF TRAVANCORE, HEAD OFFICE, NEW ADMINISTRATIVE COMPLEX, POOJAPPURA P.O., THIRUVANANTHAPURAM. 2. THE CHIEF MANAGER (AUTHORISED OFFICER), STATE BANK OF TRAVANCORE, ANCHAL BRANCH. By SC R S KALKURA THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 26/03/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B RADHAKRISHNAN, J ........................................... WP(C).NO. 8724 OF 2009 ............................................ DATED THIS THE 26TH DAY OF MARCH, 2009 JUDGMENT The petitioners challenge SARFAESI Act proceedings. They in fact want the benefit of One Time Settlement to be extended to them. The petitioners paid an amount of Rs.50,000/- after notice under Section 13(2) of the SARFAESI Act and made a request for consideration of their case for One Time Settlement. This requires the petitioners to place the proposal for One Time Settlement and remit 25% of the outstandings. If the petitioners take recourse to such action in accordance with law, the bank will consider One Time Settlement Scheme and give the petitioners appropriate opportunity to repay the outstandings. With these directions, this writ petition is disposed of. THOTTATHIL B RADHAKRISHNAN, JUDGE lgk/27/3