IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN MONDAY, THE 28TH JULY 2008 / 6TH SRAVANA 1930 WP(C).No. 581 of 2008(T) ------------------------ PETITIONERS: ------------ 1. H. AMINASH, S/O. HANEEFA C., ANURAG (BEHIND CHANAKYA HOTEL), ARUNAYAM GARDEN, CHANDRANAGAR P.O., PALAKKAD. 2. P.M. MEHABOOB, W/O. HANEEFA C., ANURAG (BEHIND CHANAKYA HOTEL), ARUNAYAM GARDEN, CHANDRANAGAR P.O., PALAKKAD. BY ADV. SRI.H.BADARUDDIN RESPONDENTS: ------------- 1. THE AUTHORISED OFFICER OF CORPORATION BANK, PALAKKAD BRANCH, 11/11447, MARKET ROAD, PALAKKAD-14. 2. THE CORPORATION BANK, PALAKKAD BRANCH, 11/11447, MARKET ROAD, PALAKKAD-14, REPRESENTED BY ITS MANAGER. BY ADV. SRI.S.K.BALACHANDRAN FOR R1 & 2 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 28/07/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: S. Siri Jagan, J. =-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-= W. P (C) No. 581 of 2008 =-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-= Dated this, the 28th July, 2008. J U D G M E N T The petitioners challenge proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 initiated by the respondents for recovery of loan amounts due from the petitioners to the respondents. 2. At the time of admission, this Court granted an interim stay on condition that the petitioners remit an amount of Rs. 1.5 lakhs within two weeks. Since the petitioners did not pay the same, by order dated 9-4-2008, this Court vacated the interim order. This writ petition was filed inter alia seeking four months' time to pay off the entire amount. This writ petition was filed on 4-1-2008. Almost, seven months are over by now. The petitioners have not made any attempt to pay the amount. In any event, it is settled law that the proceedings under the Act have to be challenged in an appeal before the DRT as provided under the Act itself. Therefore, without prejudice to such right, this writ petition is dismissed. Sd/- S. Siri Jagan, Judge. Tds/ [True copy] P.S to Judge.