IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE S.SIRI JAGAN FRIDAY, THE 25TH APRIL 2008 / 5TH VAISAKHA 1930 WA.No. 959 of 2008() -------------------- (JUDGMENT DT.4.4.2008 IN W.P.(C) NO.10836/2008) APPELLANT: ----------- MESSERS OIKOCREDIT ECUMENICAL DEVELOPMENT CO-OPERATIVE SOCIETY UA, AMERSFOORT, NETHERLANDS, REP. BY MR.LAM BERTUS CALIS, AGE 57 YEARS, S/O.MR.LAM BERTUS GIJISBERTUS CALIS, ROKOCZI UT 30 1072 BUDAPEST, HUNGARY. BY ADV. DR.GEORGE ABRAHAM RESPONDENTS: ------------- 1. BANK OF BARODA, REP. BY ITS ASST. GENERAL MANAGER, REGIONAL OFFICE, VASUDEVA BUILDING, T.D.ROAD, ERNAKULAM. 2. S.V.RAMABHADRAN, AUTHORISED OFFICER, BANK OF BARODA, VASUDEVA BUILDING, T.D.ROAD, ERNAKULAM. 3. BRANCH MANAGER, BANK OF BARODA, KOTHAMANGALAM BRANCH, HIGH RANGE SECTION, KOTHAMANGALAM. 4. NIRMALGRAM VANITHA DAIRY CENTRAL SOCIETY REP. BY ITS EXECUTIVE DIRECTOR FR.JOY ARAMBANKUDY, NIRMALGRAM VANITHA DAIRY SOCIETY, KEERAMPARA P.O., KOTHAMANGALAM - 686691, KERALA. BY ADV. SRI.DEVAN RAMACHANDRAN,SC THIS WRIT APPEAL HAVING COME UP FOR ADMISSION ON 25/04/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR & S.SIRI JAGAN, JJ. .................................................................... Writ Appeal No.959 of 2008 .................................................................... Dated this the 25th day of April, 2008. JUDGMENT C.N.Ramachandran Nair, J. We do not find anything wrong in the judgment of the learned Single Judge because Securitisation proceedings are initiated by the Bank which claims first charge over the debtor's property. If petitioner has any grievance against the proceedings initiated under the Securitisation Act, petitioner can move the Debt Recovery Appellate Tribunal. It will always be open to the petitioner to settle the liability to financial institutions and proceed for recovery against the debtor. The Writ Appeal is closed as above. C.N.RAMACHANDRAN NAIR Judge S.SIRI JAGAN Judge pms