IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN THURSDAY, THE 2ND APRIL 2009 / 12TH CHAITHRA 1931 WP(C).No. 9123 of 2009(I) ------------------------- PETITIONER(S): --------------- K.V.VINOD S/O. VELAYUDHAN, KANNIYIL HOUSE, AGED 35 YEARS, KARAKURISSI KALA, VAZHAYAMPURAM, PALAKKAD DISTRICT. BY ADV. SRI.E.A.BIJUMON RESPONDENT(S): --------------- THE UNION BANK OF INDIA, REP. BY THE AUTHORISED OFFICER, REGIONAL OFFICE, UNION BANK BHAVAN, P.B.NO.307, M.G.ROAD, STATUE, THIRUVANANTHAPURAM. BY ADV.SRI.A.S.P.KURUP, S.C. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 02/04/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B.RADHAKRISHNAN, J. ------------------------------------------- W.P(C).No.9123 OF 2009 ------------------------------------------- Dated this the 2nd day of April, 2009 JUDGMENT The petitioner availed a loan of Rs.9,50,000/- in March, 2007. SARFAESI Act proceedings were initiated on default in repayment. That led to an order of the Chief Judicial Magistrate. In the wake of imminent dispossession, the petitioner has approached this Court. The transaction is not disputed. Amounts have accrued. The impugned proceedings, therefore, cannot be faulted on any jurisdictional error or legal infirmity. Under such circumstances, interim order was issued on 20.3.2009. The petitioner has complied with the conditions imposed thereby and has deposited an amount of Rupees Two Lakhs. Taking into consideration that the transaction is only of the year 2007 but without expressing anything on merits, this writ petition is ordered directing that if the petitioner deposits an amount of Rupees One Lakh on or before 30.4.2009 and a further amount of Rupees One Lakh on or before 30.5.2009, the WPC.9123/09 Page numbers bank will consider any request of the petitioner for ameliorative concessions to settle the transaction once for ever. The writ petition is ordered accordingly. Sd/- THOTTATHIL B.RADHAKRISHNAN, Judge. kkb.4/4.