IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN FRIDAY, THE 8TH JULY 2011 / 17TH ASHADHA 1933 WP(C).No. 18577 of 2011(V) ----------------------------------------- PETITIONER(S): ------------------------ 1. M.J.PETER, CC/4/1042, MUDAVASSERY, MILMA JUNCTION, NAZRETH, KOCHI-682 002. 2. MOLY PETER, W/O. M.J.PETER, CC/4/1042, MUDAVASSERY, MILMA JUNCTION, NAZRETH, KOCHI-682 002. BY ADVS. SRI.K.A.ABHILASH, SRI.DILISH JOHN. RESPONDENT(S): --------------------------- THE AUTHORIZED OFFICER, UCO BANK, MANTTANCHERY, COCHIN-682 002. BY ADV. SRI.GEORGE KARITHANAM VARGHESE,SC,UCO BANK THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 08/07/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: Kss WPC.NO.18577/2011 V APPENDIX PETITIONER'S EXHIBITS: P1: COPY OF THE NOTICE UNDER SECTION 13(2) OF THE SECURITIZATION ACT. RESPONDENT'S EXHIBITS: N I L /TRUE COPY/ P.S.TO JUDGE Kss S. Siri Jagan, J. =-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-= W.P(C) No. 18577 of 2011 =-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-= Dated this, the 8th day of July, 2011. J U D G M E N T Petitioner challenges proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security interest Act, 2002 initiated by the respondent for recovery of loan amounts due to the bank. All the petitioner what now is one month's time to pay off the amount due. This is opposed by the counsel for the bank. However, taking a lenient view, I dispose of this writ petition with a direction to the respondent to give the petitioner one more month's time to pay the amouont. If the petitioner pays the amount within one month, further proceedings under the Act shall be kept in abeyance. If the petitioner fails to comply with the above direction, the respondent shall continue proceedings as ow initiated without having to issue any further notice or proceedings. S. Siri Jagan, Judge. Tds/