IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN THURSDAY, THE 20TH OCTOBER 2011 / 28TH ASWINA 1933 WP(C).No. 27947 of 2011(P) -------------------------- PETITIONER(S): -------------- RAMAN K.K, S/O K.I.KUNJAN, MUNDACKAPARAMBIL HOUSE, ARNOOTHIMANGALAM P.O., KADUTHURUTHY, KOTTAYAM 686 604. BY ADV. SRI.A.K.HARIDAS RESPONDENT(S): -------------- HOUSING DEVELOPMENT FINANCE CORPORATION LTD, HDFC HOUSE, P.O. NO.1667,RAVIPURAM JUNCTION MG ROAD, KOCHI 682 015, REPRESENTED BY ITS AUTHORIZED OFFICER SRI BABY JOSEPH, S/O JOSEPH, LISSY HOUSE, PANORAMA ENCLAVE, KADAVNTHARA, ERNAKULAM. ADV. SRI. K.K.CHANDRAN PILLAI, SENIOR ADVOCATE SRI. A.S.SAJUSH PAUL, SC SRI. THOMAS JAMES MUNDACKAL SRI. BOBBY THOMAS THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 20/10/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: BKA WP(C).No. 27947 of 2011(P) APPENDIX PETITIONER'S EXHIBITS: EXT.P1: TRUE COPY OF THE JUDGMENT DT.31.1.2011 PASSED BY THIS HON'BLE COURT IN WPC 2243/2011. EXT.P2: TRUE COPY OF THE LETTER OF THE COUNSEL FOR THE PETITIONER EXT.P2(A): TRUE COPY OF THE DD DT.24.2.2011 FOR RS.25,000/- EXT.P3: TRUE COPY OF THE DD DT.23.6.2011 FOR RS.20,000/- EXT.P4: TRUE COPY OF THE ORDER IN OP(CRL.)NO.2091/2011 EXT.P5: TRUE COPY OF THE REPRESENTATION SUBMITTED BY THE PETITIONER. RESPONDENTS' EXHIBITS: NIL //TRUE COPY// PA TO JUDGE BKA S. SIRI JAGAN, J. - - - - - - - - - - - - - - - - - - - - - - - W.P.(C)No.27947 of 2011 - - - - - - - - - - - - - - - - - - - - - - - Dated this the 20th day of October, 2011 J U D G M E N T The petitioner challenges proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) initiated by the respondent for recovery of loan amounts due from the petitioner to the respondent. The petitioner submits that the petitioner has submitted an application for One Time Settlement, Ext.P5. The petitioner's contention is that, before considering Ext.P5, it is unjust to proceed with the proceedings under the Act. 2. This is opposed by the counsel for the respondent. 3. Having heard both sides, I dispose of this writ petition with the following directions: The respondent shall consider and pass orders on Ext.P5, as expeditiously as possible, after affording an opportunity of being heard to the petitioner. Till orders are W.P.(C)No.27947 of 2011 -2- passed on Ext.P5, further proceedings under the Act shall be kept in abeyance. Sd/- S. SIRI JAGAN JUDGE //True copy// P.A. TO JUDGE shg/