IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE V.GIRI TUESDAY, THE 11TH AUGUST 2009 / 20TH SRAVANA 1931 WP(C).No. 19956 of 2009(L) -------------------------- PETITIONER: --------------- M/S.CLASSIC MARBLE AND GRANITES, KOTTIYAM, KOLLAM DISTRICT, REP. BY ITS MANAGING PARTNER-P.M.PRATHAPAN. BY ADV. SRI.N.N.SUGUNAPALAN, SENIOR ADVOCATE SRI S. SUJIN RESPONDENTS: --------------- 1. UNION BANK OF INDIA, KOTTIYAM BRANCH, REP. BY ITS BRANCH MANAGER. 2. THE REGIONAL MANAGER, UNION BANK OF INDIA, THIRUVANANTHAPURAM. BY SC SRI.A.S.P KURUP THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 11/08/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: V.GIRI,J. ------------------------- W.P ( C) No. 19956 of 2009 -------------------------- Dated this the 11th August,2009 J U D G M E N T Petitioner holds an overdraft arrangement with the 2nd respondent. He has offered a property, which according to him is valued at Rs.7 crores, as security for repayment. Petitioner’s grievance is regarding what is alleged as a hostile attitude that is shown to the petitioner in the matter of affording the petitioner, continuance of the overdraft facility or closure of the account as the case may be. 2. Learned counsel for the Bank, on instructions, submits that the facility already afforded to the petitioner will be renewed, if the bank is satisfied with the current financial status of the petitioner. This satisfaction will be arrived at, if the petitioner produces the Profit and Loss Account and Balance Sheet for the preceding financial years, immediately before the bank. Accordingly, if the documents are produced by the petitioner before the Bank within two months from today, the Bank shall proceed to W.P ( C) No. 19956 of 2009 2 act upon the same and either renew the facility or close the account. Writ petition is disposed of as above . (V.GIRI,JUDGE) ma W.P ( C) No. 19956 of 2009 3 W.P ( C) No. 19956 of 2009 4