IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC MONDAY, THE 25TH AUGUST 2008 / 3RD BHADRA 1930 WP(C).No. 12752 of 2008(R) -------------------------- PETITIONER: --------------- RAVIKUMAR, PROPRIETOR, GANESH REFRIGERATION INDUSTRIES, KOTTARAKKARA BY ADV. SRI.PRATHEESH.P RESPONDENTS: ------------------- 1. THE AUTHORISED OFFICER, STATE BANK OF TRAVANCORE, KOTTARAKKARA. 2. SUDHEER BOSE, ADVOCATE COMMISSIONER KOLLAM-12 BY ADV. SRI.M.PATHROSE MATTHAI (SR.) FOR R1 SRI.SAJI VARGHESE FOR R1 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 25/08/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. = = = = = = = = = = = = = = = = = W.P.(C) No. 12752 OF 2008 R = = = = = = = = = = = = = = = = = Dated this the 25th day of August 2008 J U D G M E N T In this writ petition the challenge is against the proceedings initiated by the bank under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Though the contentions on merits raised by the petitioner do not deserve acceptance, still the counsel for the petitioner seeks an instalment facility. Though this request also is not acceptable to the bank, still having regard to the fact that the petitioner is desirous of discharging the liability and avoid coercive action and as the bank will also be realising the dues in such a process, I am inclined to give the petitioner yet another opportunity to discharge his debt. 2. Accordingly, it is directed that the petitioner shall pay the amount that is due to the respondent bank in six equal monthly instalments the first of which shall be paid on or before 15.9.2008 and the subsequent instalments will be paid on 15th of every W.P.(C) No. 12752 OF 2008 -2- succeeding month. Subject to payment as above, further action in pursuance to Ext. P1 will stand deferred and in case default is committed in paying any one of the instalments, the bank will be free to continue the proceedings without further notice. Writ petition is disposed of as above. ANTONY DOMINIC JUDGE jan/-