IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN MONDAY, THE 12TH DECEMBER 2011 / 21ST AGRAHAYANA 1933 WP(C).No. 30183 of 2011(W) --------------------------------------- PETITIONER: ------------------- SANJAY JAIN, S/O.SUBHASH CHAND JAIN, OSWAL BHAVAN,VELOOR, KOTTAYAM DISTRICT. BY ADV. SRI.K.M.VARGHESE. RESPONDENTS: ------------------------ 1. ORIENTAL BANK OF COMMERCE, KOTTAYAM BRANCH, KORATTIYIL COMPLEX, SASTRI ROAD,KOTTAYAM, REPRESENTED BY ITS MANAGER- 686 001. 2. AUTHORIZED OFFICER(SARFAESI ACT), ORIENTAL BANK OF COMMERCE, KORATTIYIL COMPLEX, SASTRI ROAD,KOTTAYAM- 686 001. R1 & R2 BY ADV. SRI.SAJI.P.JOSEPH. THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 12/12/2011,ALONG WITH W.P.(C).NO.30239/2011 AND CONNECTED CASES, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: W.P.(C).NO.30183/2011-W: APPENDIX PETITIONER'S EXHIBITS:- EXT.P1: TRUE COPY OF THE JUDGMENT DATED 22.7.2010 IN W.P.(C)NO.19316 OF 2010 AND CONNECTED CASES. EXT.P2: TRUE COPY OF THE LETTER DATED 3.8.2010 GIVEN TO RESPONDENT NO.1. EXT.P3: TRUE COPY OF THE LETTER DATED 7.10.2010 GIVEN TO RESPONDENT NO.1. EXT.P4: TRUE COPY OF THE LETTER DATED 30.3.2011 ISSUED BY THE RESPONDENT NO.1. EXT.P5: TRUE COPY OF THE LETTER DATED 2.6.2011 GIVEN TO THE RESPONDENT. EXT.P6: TRUE COPY OF THE LETTER DATED 3.6.2011 BY THE RESPONDENT BANK. EXT.P7: TRUE COPY OF THE LETTER DATED 29.6.2011 SUBMITTED TO THE RESPONDENT NO.1. EXT.P8: TRUE COPY OF THE LETTER DATED 5.9.2011 SUBMITTED TO THE RESPONDENT. EXT.P9: TRUE COPY OF THE C.M.P.NO.1463 OF 2011 FILED BY THE RESPONDENT. EXT.P10: TRUE COPY OF THE STATEMENT DATED 26.8.2011 FILED BY THE PETITIONER. EXT.P11: TRUE COPY OF THE AFFIDAVIT DATED 11.10.2011 FILED ON BEHALF OF THE RESPONDENT. EXT.P12: TRUE COPY OF THE COUNTER AFFIDAVIT DATED 19.10.2011. EXT.P13: TRUE COPY OF THE I.A.NO.2298 OF 2011 FILED IN O.A.NO.247 OF 2001 PENDING BEFORE THE DEBT RECOVERY TRIBUNAL. EXT.P14: TRUE COPY OF THE ORDER DATED 27.10.2011 PASSED BY CHIEF JUDICIAL MAGISTRATE COURT, KOTTAYAM. EXT.P15: COPY OF THE LETTER DTD. 14TH NOVEMBER 2011 GIVEN TO THE R.1. EXT.P16: COPY OF THE LETTER DTD. 25TH NOVEMBER 2011 SUBMITTED BY THE PETITIONER. RESPONDENTS' EXHIBITS:- NIL. //TRUE COPY// P.A. TO JUDGE Prv. S. SIRI JAGAN, J. ------------------------------------------- W.P.(C) Nos.30183/11, 30211/11, 30230/11 & 30239 of 2011 ---------------------------------------------- Dated this the 12th day of December, 2011 JUDGMENT In these writ petitions, the petitioners challenge proceedings initiated by the respondents under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act for recovery of loan amount due from the petitioners to the respondents. It is settled law that proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act has to be challenged in an application under Section 17 of the Act before the Debts Recovery Tribunal. The Supreme Court has held in several decisions that High Court should not interfere with proceedings under the Act in writ petitions under Article 226 of the Constitution of India and parties should be relegated to the remedy under the Act. Therefore, without prejudice to that right, these writ petitions are dismissed. S. SIRI JAGAN, JUDGE acd