IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC THURSDAY, THE 13TH MARCH 2008 / 23RD PHALGUNA 1929 W.P(C).No. 7387 of 2008(D) -------------------------------- PETITIONER: --------------- E.VIJAYAN, T.C. 5/1911,JOY BHAVAN AMBALAMUKKU,KAWDIAR P.O.,TRIVANDRUM. BY ADV. SRI.M.R.SASITH SRI.M.R.SARIN RESPONDENTS: ------------------ 1. MANAGER, UNION BANK OF INDIA REGIONAL OFFICE, TRIVANDRUM. 2. AUTHORISED OFFICER UNION BANK OF INDIA REGIONAL OFFICE, TRIVANDRUM. BY ADV. SRI.A.S.P.KURUP, SC, UBI THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 13/03/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. = = = = = = = = = = = = = = = = W.P.(C) No. 7387 OF 2008 D = = = = = = = = = = = = = = = = Dated this the 13th March, 2008 J U D G M E N T This writ petition was filed when proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 were initiated and tenders were invited by the bank. 2. On 6.3.2008 when the matter came up for orders, the offer of the petitioner to pay the defaulted amount along with interest and cost before 10.3.2008 to avoid the auction was recorded. It is now submitted by the counsel for the petitioner and confirmed by the counsel appearing for the bank that payment of defaulted amount along with interest and cost has been made by the petitioner. 3. In view of the above, what is required to be done is to direct that the loan should be regularised and the petitioner will be permitted to pay the amount in instalments as originally agreed. W.P.(C) No. 7387 OF 2008 -2- Therefore, this writ petition is disposed of with the aforesaid directions and clarifying that in case of default, the bank will be free to continue the action that they have already initiated. ANTONY DOMINIC JUDGE jan/-