IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM FRIDAY, THE 28TH JANUARY 2011 / 8TH MAGHA 1932 WP(C).No. 2111 of 2011(L) ------------------------- PETITIONER: ------------------ K.V.RAGHAVAN, PROPRIETOR, M/S.ACS ASSOCIATES,KIZHAKKEVALAPPIL PO, CHEEKILODE, ATHOLI. BY ADV. SMT.VIJAYAKUMARI RESPONDENTS: --------------------- 1. CITY UNION BANK LTD., REP.BY ITS BRANCH MANAGER, AZHAKODI TEMPLE ROAD, MAVOOR ROAD, KOZHIKODE. 2. AUTHORISED OFFICER, CENTRAL OFFICE,NO.149,TSR(BIG) STREET, KUMBAKONAM-612 001. BY STANDING COUNSEL SRI.A.KUMAR. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 28/01/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.K.ABDUL REHIM, J. = = = = = = = = = = = = WP(C).No.2111 of 2011-L. = = = = = = = = = = = = Dated this the 28th January, 2011. J U D G M E N T Challenge in this writ petition is against Ext.P2 notice issued under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). 2. Under the scheme of the Statute, the petitioner has got opportunity to submit objections/representations against the demand under Sec.13(2). It is mentioned that the petitioner had already sent Ext.P3 letter, on receipt of the notice in question. Under Sec.13(3) the respondent is at an obligation to consider the same and to take a decision thereof, and further to intimate such decision to the petitioner. It is noticed that if the petitioner is aggrieved by any such decision and further steps as contemplated under Sec.13(4), he has got a remedy to approach the statutory authority under Sec.17(1). WP(C).No.2111 of 2011-L. 2 3. Under the above mentioned circumstances, I am of the view that the issue raised in this writ petition is premature to be considered. Hence the writ petition is dismissed reserving rights if any available to the petitioner to invoke statutory remedies. Needless to say that before proceeding with any further steps the respondent should intimate the decision taken on the basis of Ext.P3, to the petitioner. C.K.ABDUL REHIM, (Judge) Kvs/-