IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN MONDAY, THE 2ND FEBRUARY 2009 / 13TH MAGHA 1930 WP(C).No. 3005 of 2009(G) ------------------------- PETITIONER(S): --------------- MAREENA GEORGE, 35 YEARS, W/O.GEORGE VALAYIL HOUSE KOLENCHERY PO., ERNAKULAM. BY ADV. SRI.A.F.SEBASTIAN RESPONDENT(S): --------------- 1. ALLAHABAD BANK REP. BY THE AUTHORISED OFFICER ZONAL OFFICE, 112, SIR TYAGARAYA ROAD, CHENNAI- 600017. 2. RESERVE BANK OF INDIA, REP. BY ITS GOVERNOR, CENTRAL OFFICE, MUMBAI-400 001. 3. UNION OF INDIA, REP. BY THE SECRETARY TO THE GOVERNMENT, MINISTRY OF BANKING AFFAIRS, NEW DELHI. 4. V.M.MATHEW, VALAYIL HOUSE, KOLENCHERY PO., ERNAKULAM. R3 BY ADV. SRI.P.PARAMESWARAN NAIR,ASG. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 02/02/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B.RADHAKRISHNAN, J. ------------------------------------------- W.P(C).No.3005 OF 2009 ------------------------------------------- Dated this the 2nd day of February, 2009 JUDGMENT The petitioner is the daughter-in-law of the 4th respondent, who, going by Ext.P1, is now aged 70 years and is ill and undergoing certain medical treatments. The plea of the petitioner is that the 4th respondent was having certain business, for which, he had availed facilities from the first respondent and had pledged an item of property of the petitioner as collateral security. The petitioner prays that she may be given five months' time to regularise the transaction. In the realm of commercial loans, I do not think it appropriate to issue any direction to the bank to regularise any transaction unless of course the bank decides to do so. The petitioner has efficacious alternate remedy for redressel of grievances in relation to SARFAESI proceedings under Section 17 of that Act. Without prejudice to that course, this writ petition is dismissed. Sd/- THOTTATHIL B.RADHAKRISHNAN, Judge. kkb.