IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC TUESDAY, THE 18TH MARCH 2008 / 28TH PHALGUNA 1929 W.P(C).No. 8846 of 2008(C) -------------------------------- PETITIONER: -------------- MANIYAN, S/O.JOHN, AGED 44 YEARS, RESIDING AT VALIYAVILA PUTHEN VEEDU, KUNNAPPUZHA, THIRUVANANTHAPURAM. BY ADV. SRI.G.P.SHINOD SRI.RAM MOHAN.G. SRI.MANU V. RESPONDENTS: ----------------- 1. PNB HOUSING FINANCE LTD., STATUE BRANCH, THIRUVANANTHAPURAM, REPRESENTED BY ITS MANAGER, BRANCH OFFICE, STATUE, THIRUVANANTHAPURAM. 2. THE MANAGER, PNB HOUSING FINANCE LTD., STATUE BRANCH, THIRUVANANTHAPURAM. 3. THE AUTHORISED OFFICER, PNB HOUSING FINANCE LTD., STATUE BRANCH, THIRUVANANTHAPURAM. BY ADV. SRI. R.S. MOHANAN NAIR, SC, PNB THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 18/03/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. =============== W.P.(C) NO. 8846 OF 2008 C ==================== Dated this the 18th day of March, 2008 J U D G M E N T The prayer sought for in this writ petition is against the proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act. On behalf of the respondents, it is pointed out that sale is scheduled to take place on 31st of March, 2008 and it is at that stage, the writ petition has been filed. Petitioner only seeks an instalment facility to pay the amount that is due to the respondents. 2. Having regard to the fact that the sale is now scheduled to 31st of March, 2008, I direct that the petitioner shall pay 50% of the amount due on or before 31/3/2008 and subject to such payment, further proceedings initiated by the respondents shall be deferred. It is directed that the balance due will be paid by the petitioner before 30th of April, 2008. In case default is committed, the respondents will be free to continue the action that it has already initiated. Writ petition is disposed of as above. ANTONY DOMINIC,JUDGE. Rp