IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC MONDAY, THE 18TH FEBRUARY 2008 / 29TH MAGHA 1929 WP(C).No. 5733 of 2008(G) ------------------------- PETITIONER: ------------ K.P. CHANDRAN, KANCHANA PALACE, P.O. PAYYOLI ANGADI, VIA. QUILANDY, DISTRICT CALICUT, PIN-673 523. BY ADV. SRI.GEORGE THOMAS (MEVADA) RESPONDENTS: ------------- 1. THE CHIEF MANAGER, ANDHRA BANK, M.G.ROAD, ERNAKULAM, COCHIN-16. 2. THE AUTHORISED OFFICER, ANDHRA BANK, M.G.ROAD, ERNAKULAM, COCHIN-16. 3. KOTAK MAHINDRA BANK LTD., NO.39, CEEBROS CENTRE, 1ST FLOOR, MONITETH ROAD, EGMORE, CHENNAI-600 008. R1 & 2 BY STANDING COUNSEL SRI ABRAHAM MATHEW THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 18/02/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. ------------------------------------ W.P.(C) 5733 of 2008 ------------------------------------- Dated: February 18, 2008 JUDGMENT The challenge in this writ petition is against Ext.P3 notice issued by the bank under Rule 8(6) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The sale is scheduled to take place tomorrow. Petitioner submits that if two weeks' time is granted, he will be able to raise funds and liquidate the liability. 2. When this submission was made by the counsel for the petitioner, the standing counsel appearing for the bank submits that in view of the petitioner's undertaking to clear the entire liability in two weeks' time, he will instruct the bank to adjourn the sale for two weeks from tomorrow. Recording the aforesaid submission, I close this writ petition. ANTONY DOMINIC, JUDGE mt/-