IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE K.M.JOSEPH FRIDAY, THE 24TH OCTOBER 2008 / 2ND KARTHIKA 1930 WP(C).No. 31503 of 2008(A) ----------------------------------------------- PETITIONER(S): ---------------------- 1. V.P. PUNNOOSE, AGED 51 YEARS, S/O. V.M.PUNNOOSE, VALAYIL (H), MOOLAVATTOM P.O.,KOTTAYAM 686 026, PANACHIKKADU VILLAGE, KOTTAYAM TALUK. 2. V.P. JOHNSON, S/O. V.M.PUNNOOSE, AGED' 54 YEARS, VALAYIL (H), PALLOM P.O., NATTAKAM VILLAGE, KOTTAYAM -7. 3. RUBY PUNNOOSE, AGED 46 YEARS, W/O. V.P. PUNNOOSE, VALAYIL (H), MOOLAVATOM P.O., KOTTAYAM 686 026, PANACHIKKADU VILLAGE, KOTTAYAM TALUK. BY ADV. SRI.TOM JOSE SMT.GEETHA JOB(OZHUKAYIL) RESPONDENT(S): ------------------------ 1. THE KERALA STATE CO-OPERATIVE SOCIETIES DEPARTMENT, R/BY ITS SECRETARY, GOVT. SECRETARIAT, THIRUVANANTHAPURAM. 2. THE JOINT REGISTRAR OF CO-OPERATIVE SOCITIES (GENERAL), KOTTAYAM 686 002. 3. THE ASST. REGISTRAR OF CO-OPERATIVE SOCIETIES/ARBITRATOR, OFFICE OF THE JOINT REGISTRAR OF CO-OPERATIVE SOCIETIES, KOTTAYAM 686 002. W.P.(C).NO.31503/08 A 4. THE KOTTAYAM DISTRICT CO-OPERATIVE BANK LTD., NO. 4309, R/BY ITS EXECUTIVE OFFICER, ARBITRATION AND EXECUTION WING, OFICE OF THE KOTTAYAM DISTRICT CO-OPERATIVE BANK LTD., KOTTAYAM. 5. THE KERALA CO-OPERATIVE TRIBUNAL, THIRUVANANTHAPURAM. R1 TO R3 & R5 BY GOVERNMENT SHRI T.V. PRAMOD. R4 BY SHRI T.A. SHAJI, SC. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 24/10/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: K. M. JOSEPH, J. -------------------------------------- W.P.C. NO. 31503 OF 2008 A -------------------------------------- Dated this the 24th October, 2008 JUDGMENT Proceedings were taken against the petitioners under the Securitisation And Reconstruction of Financial Assets & Enforcement of Security Interest Act. I heard the learned counsel appearing for the petitioners, learned standing counsel appearing for the fourth respondent Bank and also the learned Government Pleader. It is not in dispute that the petitioners have effected a substantial payment. Counsel for petitioners prays for some time for paying the balance amount. In such circumstances, it is ordered that the recovery proceedings against the petitioners shall be kept in abeyance for a period of one month from today. This is to enable the petitioners to pay off the entire amount remaining to be paid within a period of two weeks as claimed by the counsel for the petitioners. The Writ Petition is disposed of as above. Sd/= K. M. JOSEPH, JUDGE kbk. // True Copy // PS to Judge