IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE KURIAN JOSEPH FRIDAY, THE 17TH AUGUST 2007 / 26TH SRAVANA 1929 WP(C).No. 3485 of 2007(M) ------------------------- AGAINST THE ORDER IN EP 148/2006 IN OS.88/2006 of PRL.MUNSIFF, KASARAGOD .................... PETITIONER: PETITIONERS ----------------------- 1. K.SRIDHARA BHAT, S/O.ACHUDHA BHAT, KUDINGILA HOUSE, KUMBADAJE VILLAGE, POST-YETHADKA, KASARAGOD TALUK AND DISTRICT. 2. K.A.SUBRAHMANYA BHAT, S/O. ACHUDHA BHAT, KALLAKALAMBI HOUSE, KUMBADAJE POST, UBRANGALA VILLAGE, KASARAGOD TALUK AND DISTRICT. BY ADV. SRI.T.B.SHAJIMON RESPONDENTS: ------------- 1. RESERVE BANK OF INDIA, REP. BY ITS CHAIRMAN, NEW DELHI. 2. STATE OF KERALA, REP. BY ITS SECRETARY, FINANCE DEPARTMENT, THIRUVANANTHAPURAM. 3. NORTH MALABAR GRAMIN BANK, JAYANAGARA BRANCH, THROUGH ITS MANAGER, KUMBADAJE POST, KASARAGOD. BY ADV. SRI.M.K.SUMOD SRI.JACOB VARGHESE. GOVT.PLEADER SMT.N.SUDHA DEVI. THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 17/08/2007, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: W.P.C.3485/2007 A P P E N D I X PETITIONER'S EXHIBITS : EXT.P1 : TRUE COPY OF THE PETITION IN E.P.NO.148/2006 . EXT.P2 :TRUE COPY OF THE INTIMATION. EXT.P3 :TRUE COPY OF THE LEGAL NOTICE. EXT.P4 :TRUE COPY OF THE CIRCULAR. TGS KURIAN JOSEPH J. ---------------------------------------------- W.P.(C) No.3485 of 2007 ---------------------------------------------- Dated 17th August, 2007. J U D G M E N T Seeking the benefit of Ext.P4 circular issued by the Reserve Bank of India, petitioners have submitted Ext.P3 before the third respondent. There will be a direction to the third respondent to look into Ext.P3 with notice to the petitioners and take appropriate action thereon in accordance with law, within a period of four months from the date of receipt of a copy of the judgment. The coercive steps for recovery shall be deferred till such time. The writ petition is disposed of as above. KURIAN JOSEPH, JUDGE. tgs