IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC THURSDAY, THE 28TH FEBRUARY 2008 / 9TH PHALGUNA 1929 WP(C).No. 13780 of 2007(M) -------------------------- PETITIONER: -------------- MOHAMMED MUSTHAFA, KONATH HOUSE, KALLEPPADAM, P.O.PAZHAYANNUR, THRISSUR. BY ADV. SMT.S.MUMTAZ RESPONDENTS: ----------------- 1. THE DHANALAKSHMI BANK LTD., VADAKKANCHERY BRANCH REPRESENTED BY THE BRANCH MANAGER, VADAKKANCHERRY. 2. THE REGIONAL MANAGER, DHANALAKSHMI BANK LTD., ZONAL OFFICE, DHANALAKSHMI BANK BUILDING, POONKUNNAM, TRISSUR. BY ADV. SRI.C.K.KARUNAKARAN,SC,DHANALAKSHMI BANK THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 28/02/2008,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. =============== W.P.(C) NO. 13780 OF 2007 M ==================== Dated this the 28th day of February, 2008 J U D G M E N T The petitioner against whom proceedings have been initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, which has resulted in Ext.P2 notice has approached this court challenging the proceedings. When the writ petition was taken up, all that the counsel for the petitioner seeks is an instalment facility to discharge the liability. 2. I have heard the counsel for the Bank also. 3. Having regard to the submissions made by both sides, I dispose of this writ petition directing that the petitioner shall discharge the entire liability due to the Bank in terms of Exts. P1 and P2 in six equal monthly instalments. The first instalment will be payable in the 1st week of March, 2008 and the subsequent instalments will be payable in the 1st week of every succeeding WPC 13780/07 :2 : month. Subject to payment as above, further proceedings pursuant to Exts. P1 and P2 will stand deferred, and in case default is committed, Bank will be free to continue the action. Writ petition is disposed of as above. ANTONY DOMINIC,JUDGE. Rp