IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM WEDNESDAY, THE 15TH DECEMBER 2010 / 24TH AGRAHAYANA 1932 WP(C).No. 34597 of 2010(Y) ---------------------------------- PETITIONER(S): ------------------- RAVINDRAN K.V., AGED 52 YEARS, S/O.VELAYUDHAN, KOOVAKATTIL HOUSE, THESSERY, KANAKAMALA P.O., THRISSUR DISTRICT. BY ADVS. SRI.RAJIT SRI.RANJIT BABU RESPONDENT(S): -------------------- 1. THE AUTHORISED OFFICER, THE FEDERAL BANK LIMITED, REGISTERED OFFICE, ALUVA – 673 101. 2. THE FEDERAL BANK LIMITED, KALLETTUMKARA, THRISSUR, REPRESENTED BY THE BRANCH MANAGER. PIN – 680 683. R1 & 2 BY ADVS. SRI.GEORGE VARGHESE (MANACHIRACKEL),SC. SRI.P.R.MILTON THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 15/12/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: svs C.K.ABDUL REHIM, J. ------------------------------------------- W.P.(C).No.34597 of 2010 ------------------------------------------- Dated this the 15th day of December, 2010 J U D G M E N T ---------------------- Challenge in this writ petition is against proceedings initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). When the writ petition came up for consideration on 19.11.2010, this court had granted an interim stay against further proceedings, subject to condition of the petitioner remitting a sum of Rs.5 lakhs within three weeks thereof. It is submitted by the learned counsel appearing for the respondent bank that the condition has not been complied with till date. Today, when the matter was taken up for consideration, there was no representation for the petitioner. Under the above circumstances the writ petition is dismissed for default. C.K.ABDUL REHIM, JUDGE. okb