IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN FRIDAY, THE 30TH JANUARY 2009 / 10TH MAGHA 1930 WP(C).No. 35389 of 2008(K) --------------------------------------- PETITIONER: ------------------- K.K.KUTTAPPAN, KARUKELIL HOUSE, PADINJARAKKARA P.O., VAIKOM. BY ADVS. MR.P.SANJAY, SMT.A. PARVATHI MENON, MR.J.ABHILASH. RESPONDENTS: ------------------------ 1. THE VAIKOM URBAN CO-OP.BANK LTD.NO.1193, REPRESENTED BY ITS BRANCH MANAGER. 2. THE SPECIAL OFFICER, SARFAESI ACT, THE VAIKOM URBAN CO-OP.BANK LTD. NO.1193, VAIKOM. R1 & R2 BY ADVS. MR.V.G.ARUN, MR..T.R.HARIKUMAR. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 30/01/2009,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: prv. THOTTATHIL B. RADHAKRISHNAN, J. = = = = = = = = = = = = = = = = = = = = = = = = W.P.(C).No.35389 of 2008-K = = = = = = = = = = = = = = = = = = = = = = = = Dated this the 30th day of January, 2009. JUDGMENT The petitioner faces steps under the SARFAESI Act. The plea is that the loan term has not run out and that the petitioner may be permitted to regularize the transaction. Following the interim order, the petitioner has deposited Rs.40,000/-. The bank states through learned counsel that if an amount of Rs.15,000/- more is paid, the transaction could be regularized, enabling the petitioner to enjoy the facility. This is recorded and it is ordered that if an amount of Rs.15,000/- is paid within one month from now, the transaction will be regularized. The writ petition is ordered accordingly. THOTTATHIL B. RADHAKRISHNAN, JUDGE. Sha/100209