IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM WEDNESDAY, THE 22ND DECEMBER 2010 / 1ST POUSHA 1932 WP(C).No. 27683 of 2010(I) --------------------------------------- PETITIONER(S): ------------------------- TERRENCE, S/O.JOSEPH, 48 YEARS, KURIAPPILLY HOUSE, HOUSE NO.IV/425, VARAPUZHA, ERNAKULAM PIN-683 517. BY ADV. SRI.BIJU ABRAHAM RESPONDENT(S): --------------------------- 1. PUNJAB NATIONAL BANK, REPRESETNED BY ITS CHIEF MANAGER, CIRCLE OFFICE, SHATHABDI BHAVAN, MINI BYE PASS ROAD, KOZHIKODE-673 016. 2. BRANCH MANAGER, PUNJAB NATIONAL BANK, N.H.BYE PASS, ALUVA, ERNAKULAM DISTRICT,PIN-683 101. R2 BY ADV. SRI.C.AJITH KUMAR THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 22/12/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: J U D G M E N T There is no representation for the petitioner today also. Hence the writ petition is dismissed for default. 22/12/2010 SD/- C.K.ABDUL REHIM, JUDGE /True Copy/ P.A.to Judge kss S. SIRI JAGAN, J. ------------------------------------------- W.P.(C) No.27683 OF 2010 ---------------------------------------------- Dated this the 20th day of July, 2011 JUDGMENT The petitioner challenges proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act initiated by the respondents for recovery of loan amounts due from the petitioner to the respondents. The petitioner seeks time to pay off the amounts due. According to the petitioner, the petitioner can pay off the amounts within two months. 2. This is opposed by the learned counsel for the bank. Having heard both sides, I dispose of this writ petition with a direction to the respondents to grant the petitioner two months' time from today to pay off the amounts. It is submitted by both sides that proceedings initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act is only in respect of the housing loan, which is recorded. In respect of other matters raised in the writ petition, it would be open to the petitioner to seek other statutory remedies. S. SIRI JAGAN, JUDGE acd