IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM MONDAY, THE 23RD MAY 2011 / 2ND JYAISHTA 1933 WP(C).No. 7004 of 2011(A) ------------------------- PETITIONER(S): --------------- KRISHNANKUTTY, 35 YEARS, S/O.SANKARAN, CHUNDANKATIL HOUSE, PAINKULAMDESOM (PO), THALAPPILLY TALUK, THRISSUR DISTRICT. BY ADV. SRI.A.F.SEBASTIAN RESPONDENT(S): --------------- THRISSUR DISTRICT CO-OP BANK LTD., HEAD OFFICE, THRISSUR-680001, REP.BY THE AUTHORISDED OFFICER, (SARFAESI ACT). ADV. SRI.P.C.SASIDHARAN FOR R1-2 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 23/05/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.K.ABDUL REHIM, J --------------------------------------- W.P(C) No.7004 of 2011-A ---------------------------------------- Dated this the 23rd day of May, 2011. J U D G M E N T Proceedings initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is under challenge in this writ petition. Considering availability of the alternative remedy, this Court was not inclined to entertain this writ petition. However, interim stay was granted as early as on 8.3.2011, stipulating condition for payment of a sum of Rs.25,000/- within two weeks thereof. According to the learned counsel appearing for the respondent Bank, the condition has not been complied with, till date. Counsel for the petitioner is not in a position to dispute the statement. Under such circumstances, I am not inclined to entertain this writ petition any further. However, rights if any available to the petitioner to pursue statutory remedy is reserved. Therefore, the writ petition is dismissed without prejudice to rights if any available to the petitioner to resort to statutory remedy. C.K.ABDUL REHIM JUDGE ab