IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC WEDNESDAY, THE 2ND APRIL 2008 / 13TH CHAITHRA 1930 W.P(C).No. 7766 of 2008(Y) --------------------------------- PETITIONER: -------------- SUNILKUMAR.K.V. S/O.K.A.VIJAYAN,KANDAMPULLY HOUSE P.O..CHERUVATHANI,KUNNAMKULAM. BY ADV. SRI.NAGARAJ NARAYANAN SRI.SAIJO HASSAN SRI.A.S.SABU SRI.G.RAJESH (DIWAN) SRI.NIYAS.A.SALAM RESPONDENTS: ----------------- 1. THE DISTRICT COLLECTOR, THRISSUR. 2. THE TAHSILDAR,TALAPPILLY TALUK THRISSUR DISTRICT. 3. SUNDARAM HOME FINANCIERS 21 PATALLOSE ROAD, CHENNAI, REPRESENTED BY ITS GENERAL MANAGER. 4. AUTHORISED OFFICER SUNDARAM HOME FINANCIERS, MARINE DRIVE BRANCH, ERNAKULAM. BY ADV. SRI.VARGHESE C. KURIAKOSE GOVT. PLEADER, SRI. I.V. PRAMOD THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 02/04/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. =============== W.P.(C) NO. 7766 OF 2008 Y ==================== Dated this the 2nd day of April, 2008 J U D G M E N T In this writ petition, Securitisation proceedings have been initiated against the petitioner and the only relief that is sought for by the counsel for the petitioner is one for an instalment facility to pay the amount due and discharge the liability. 2. I heard the counsel appearing for the respondents 3 and 4 also. 3. It is pointed out that proceedings have reached the stage of taking possession of the property mortgaged by the petitioner. Having regard to the limited nature of the relief that is now sought for, I feel a reasonable opportunity should be given to the petitioner. 4. Accordingly, the writ petition is disposed of directing that the petitioner will be permitted to pay the amount due to respondents 3 and 4, in three equal monthly instalments, the first of which will be payable on WPC 7766/08 :2 : the 30th of April, 2008 and the subsequent instalments payable on the 30th of May and June, 2008. It is clarified that in case of default, the respondents will be free to continue the action that it has already initiated. ANTONY DOMINIC,JUDGE. Rp