IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM WEDNESDAY, THE 2ND FEBRUARY 2011 / 13TH MAGHA 1932 WP(C).No. 37278 of 2010(H) -------------------------- PETITIONER(S): --------------- KAMALUDHEEN AGED 37 YEAR, S/O.PUTHUPULLY MAMMU, PUTHUPULLY HOUSE, ELAMAKKARA PONEKKARA,ERNAKULAM BY ADV. SRI.M.B.PRAJITH RESPONDENT(S): --------------- 1. THE STATE BANK OF INDIA, IRINJALAKKUDA BRANCH,IRINJALAKKUDA,THRISSUR, PIN-680121 REP BY MANAGER 2. THE AUTHORIZED OFFICER, THE STATE BANK OF INDIA, IRINJALAKKUDA BRANCH,IRINJALAKKUDA, THRISSUR,PIN-680121 BY SRI.P.V.SURENDRANATH - SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 02/02/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.K.ABDUL REHIM, J --------------------------------------- W.P(C) No.37278 of 2010-H ---------------------------------------- Dated this the 2nd day of February, 2011. J U D G M E N T The writ petition is filed challenging the proceedings initiated under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). Notice published with respect to steps taken under Section 13(4), is under challenge. Considering the effective alternate remedy available, this Court was not inclined to entertain this writ petition. However, as a gesture of indulgence dispossession of the petitioner was stayed, subject to condition of the petitioner remitting a sum of Rs.5 lakhs. Eventhough, the petitioner sought extension of time for payment, on the basis of the submission that an amount of Rs.2 lakhs was already paid and eventhough such extension was granted till 25.1.2011, the petitioner failed to comply with the condition. 2. Under the above circumstances, I am not inclined to entertain this writ petition any further. Accordingly, the writ petition is dismissed. C.K.ABDUL REHIM JUDGE ab