IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON WEDNESDAY, THE 23RD JUNE 2010 / 2ND ASHADHA 1932 WP(C).No. 13665 of 2010(G) -------------------------- PETITIONER(S): --------------- VAREED C.R., AGED 52, S/O.CHITTILAPPILLY RAPPAI, THEKUMKARA P.O., WADAKKANCHERY, THRISSUR DISTRICT. BY ADV. SRI.G.SREEKUMAR (CHELUR) SRI.K.RAVI (PARIYARATH) RESPONDENT(S): --------------- 1. THE STATE BANK OF TRAVANCORE, THRISSUR BRANCH REPRESENTED BY ITS MANAGER, PATTURAIKKAL, THRISSUR. 2. THE AUTHORISED OFFICER, CHIEF MANAGER, SARC, STATE BANK OF TRAVANCORE, GEETHANJALI BUILDINGS, PARAMEKAVU, THRISSUR. ADV. SRI.T.SETHUMADHAVAN FOR R SRI.PUSHPARAJAN KODOTH FOR R SRI.K.JAYESH MOHANKUMAR FOR R THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 23/06/2010,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: P.R.RAMACHANDRA MENON, J -------------------------------------------- WP(C) NO. 13665 OF 2010 -------------------------------------------- Dated this the 23rd day of June, 2010 JUDGMENT The petitioner is challenging the steps taken under the SARFAESI Act for realisation of the amount stated as due under a loan transaction. When the matter came up for consideration before this Court on 23.04.2010, coercive proceedings were intercepted on condition that the petitioner deposited a sum of Rs. 10,00,000/- (Rupees Ten lakhs only) within one month. 2. The learned counsel appearing for the respondent Bank submits that the condition has not been satisfied by the petitioner. The learned counsel appearing for the petitioner also concedes the factual position as above. There is no petition seeking to have any enlargement of time as well. 3. In the above circumstance, this Court does not find it as a fit case to be entertained further under Article 226 of the Constitution of India. Accordingly, interference is declined and the Writ Petition is dismissed; however without prejudice to the rights and liberties of the petitioner to avail the statutory remedy, if any. P.R.RAMACHANDRA MENON JUDGE dnc