IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN THURSDAY, THE 4TH SEPTEMBER 2008 / 13TH BHADRA 1930 WP(C).No. 26820 of 2008(P) -------------------------- PETITIONERS: ------------------ 1. KRISHNA CHANDRAN C. 'BHADRA' KAKKAZHAM P.O.,ALAPPUZHA-5 2. MRS. SARITHA,KRISHNACHANDRAN, W/O.KRISHNACHANDRAN .C., 'BHADRA' KAKKAZHAM P.O.,ALAPPUZHA-5 3. MRS. MEERABAI.S. 'BHADRA' KAKKAZHAM P.O.,ALAPPUZHA-5 BY ADV. SRI.S.SHANAVAS KHAN RESPONDENTS: ------------------ 1. THE UNION BANK OF INDIA ALAPPUZHA BRANCH,KABEER PLAZA, C.C.S.B ROAD MULLACKAL, ALAPPUZHA 688 011 REPRESENTED BY ITS MANAGER. 2. THE AUTHORIZED OFFICER THE UNION BANK OF INDIA ALAPPUZHA BRANCH, KABEER PLAZA, C.C.S.B ROAD ,MULLACKAL, ALAPPUZHA 688 011 BY SRI. ASP KURUP - SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 04/09/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: S. SIRI JAGAN, J. ------------------------------------ W.P.(C)No.26820 OF 2008 ---------------------------------------- Dated this the 4th day of September, 2008 JUDGMENT The petitioners challenge proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, initiated by the respondent for recovery of loan amounts due from them to the 1st respondent bank. But the petitioners now only seek time till 15.10.2008 to pay off the entire amounts due. 2. This is opposed by the learned counsel for the bank, who would seek a direction to the petitioners to pay at least 1/3rd of the amount before the end of this month. 3. Having heard both sides, I feel that in so far as the petitioners volunteer to pay the entire amounts by 15.10.2008, they can be given that much time. Accordingly, the writ petition is disposed of with a direction to the petitioners to pay all outstanding amounts due under the loan in question, on or before 15.10.2008. If the petitioners do W.P.(c)No.26820/08 2 not pay the amounts by 15.10.2008, it would be open to the respondents to continue proceedings as now initiated without having to issue any fresh notice or proceedings in that regard. S. SIRI JAGAN, JUDGE Acd