IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC TUESDAY, THE 19TH FEBRUARY 2008 / 30TH MAGHA 1929 WP(C).No. 5491 of 2008(D) ------------------------- PETITIONER: ------------ PHILOMINA, W/O.K.P.FRANCIS, AGED 49 YEARS, KUNNATH HOUSE, P.O.CHERPU, THRISSUR. BY ADV. SRI.C.A.CHACKO SMT.C.M.CHARISMA SRI.N.A.SHAFEEK RESPONDENTS: --------------------------- 1. THE CHIEF MANAGER, UNION BANK OF INDIA, NRI BRANCH, P.B.NO.3274, UNION BANK BHAVAN, M.G.ROAD, ERNAKULAM. 2. THE BRANCH MANAGER, UNION BANK OF INDIA, CHERPU BRANCH, THRISSUR DISTRICT. BY ADV. SRI.A.S.P.KURUP, SC, UBI THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 19/02/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. -------------------------- W.P.(C)No.5491 OF 2008 ----------------------------- DATED THIS THE 19TH DAY OF FEBRUARY, 2008 J U D G M E N T Petitioner, against whom proceedings have been initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 is challenging the above proceedings. 2. The counsel for the bank fairly submits that it being a housing loan, if the petitioner pays the entire amount outstanding including interest and other charges within one month, he can be permitted to continue the loan agreement. This offer made by the bank is accepted by the petitioner. I record the same. Needless to say in case the petitioner commits default in either discharging the dues as of now or the future debts, the bank will be free to continue the action which is now ordered to be deferred by virtue of the aforesaid agreement. ANTONY DOMINIC, JUDGE. dsn