IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC TUESDAY, THE 26TH AUGUST 2008 / 4TH BHADRA 1930 WP(C).No. 24485 of 2008(M) -------------------------- CMP.104/2008 of C.J.M.,KOLLAM .................... PETITIONER: ------------ SRI.RAJESH.S., S/O.SURESH.G., M/S.OTTUPURAYIL AUTOMOBILES, KOTTIYAM, KOLLAM, RESIDING AT SURAJ NIVAS, PLAVILA JUNCTION, MAYYANAD, KOLLAM DISTRICT. BY ADV. SRI.B.MOHANLAL RESPONDENTS: ------------- 1. THE STATE BANK OF TRAVANCORE, REPRESENTED BY ITS AUTHORIZED OFFICER AND SENIOR MANAGER, MAYYANAD P.O., KOLLAM. KARUNAGAPPALLY, KOLLAM. 2. STATE OF KERALA, REPRESENTED BY THE DIRECTOR GENERAL OF PROSECUTION, HIGH COURT OF KERALA, ERNAKULAM. BY ADV. SRI.M.PATHROSE MATTHAI (SR.) FOR R1 SRI.SAJI VARGHESE FOR R1 R2 BY GOVT. PLEADER SMT. K.R. K.R. DEEPA. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 26/08/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. = = = = = = = = = = = = = = = = = W.P.(C) No. 24485 OF 2008 M = = = = = = = = = = = = = = = = = Dated this the 26th day of August 2008 J U D G M E N T Petitioner against whom securitisation proceedings have been initiated by the 1st respondent Bank complains about the quantification of his liability. According to the petitioner, he has already offered Rs.6 lakhs in settlement of the liability, but however, the Bank has not taken a final decision in this matter. In the meanwhile it is also stated by both sides that the possession of the mortgaged property has been taken over by the Bank and the possession remains as such today. 2. Now that the petitioner has offered to pay Rs.6 lakhs in settlement of the liability, it is for the concerned officer of the respondent Bank to consider the request and take a decision. Therefore, I dispose of this writ petition directing that on the petitioner paying Rs.6 lakhs within one week from today, it will be open to the petitioner to file an appropriate application before the W.P.(C) No. 24485 OF 2008 -2- Asst. General Manager - 4, Zonal Office, Thiruvananthapuram, seeking reduction in the liability as quantified. It is directed that if a representation is received by the aforesaid officer, the same will be considered and a decision will be taken within 3 weeks thereafter. It is directed that pending decision on the representation as above, status quo as on date will be maintained. Writ petition is disposed of as above. ANTONY DOMINIC JUDGE jan/-