IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN THURSDAY, THE 17TH JULY 2008 / 26TH ASHADHA 1930 WP(C).No. 21494 of 2008(H) -------------------------- PETITIONERS: ------------ 1. A.N. SURESH BABU, AGED 40, S/O. C.A. NARAYANAN, FLAT NO. C4, APPLE HILL PALACE, APPARTMENT, HILL PALACE, TRIPUNITHURA. 2. MRS. ARYA SURESH, AGED 29, W.O. A.N. SURESH BABU, DO. DO. BY ADV. SRI.P.V.GEORGE(PUTHIYIDAM) RESPONDENTS: ------------- 1. THE DHANALAKSHMI BANK LTD., REP. BY BRANCH MANAGER, HOSPITAL ROAD BRANCH, KOCHI-11. 2. THE AUTHORIZED OFFICER, THE DHANALAKSHMI BANK LTD., ZONAL OFFICE, ELIZABETH ALEXANDER MEMORIAL BUILDING, MARINE DRIVE, KOCHI-31. BY ADV. SRI.C.K.KARUNAKARAN,SC,DHANALAKSHMI BAN FOR R1,2 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 17/07/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: S. Siri Jagan, J. =-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-= W. P (C) No. 21494 of 2008 =-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-= Dated this, the 17th July, 2008. J U D G M E N T The petitioners challenge proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Petitioners' contention is that proceedings for taking possession of the security interest are being initiated without issuing notice under Section 13(4) of the Act. Standing counsel for the respondents submits that without issuing Section 13(4) notice, no further proceedings would be taken in the matter. This is recorded and the writ petition is disposed of. Sd/- S. Siri Jagan, Judge. Tds/ [True copy] P.S to Judge.