IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN TUESDAY, THE 9TH AUGUST 2011 / 18TH SRAVANA 1933 WP(C).No. 21686 of 2011(I) -------------------------- PETITIONER(S): ------------------------- SMT.RASEENA BEEVI, W/O. NOORUDEEN, (PROPRIETIX, M/S/.SALAMATH BAZAR) DARUL RAHMA, VELICHIKALA P.O., KUNDUMON, KOLLAM. BY ADV. SRI.DILEEP P.PILLAI RESPONDENT(S): --------------------------- THE AUTHORISED OFFICER, SYNDICATE BANK, REGIONAL OFFICE, THIRUVANANTHAPURAM-695 010. BY ADV. SRI.KALKURA SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 09/08/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: WP(C).No. 21686 of 2011(I) ---------------------------------------- APPENDIX ---------------- PETITIONER'S EXHIBITS ------------------------------------- EXT.P1. COPY OF THE LEGAL NOTICE DT. 1.10.2010. EXT.P2. COPY OF THE STATEMENT OF ACCOUNS ISSUED BY THE RSPONDENT BANK, DT. 19102010. EXT.P3. COPY OF THE NOTICE ISSUED BY THE BANK DT. 1.6.2011. RESPONDENT'S EXHIBITS : NIL ------------------------------------- / TRUE COPY / P.A. TO JUDGE VK S. SIRI JAGAN, J. ------------------------------------------- W.P.(C) No. 21686 OF 2011 ---------------------------------------------- Dated this the 9th day of August, 2011 JUDGMENT The petitioner challenges proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act initiated by the respondent for recovery of loan amounts due from the petitioner to the respondent bank. The petitioner now seeks a direction to the respondent to consider his claim for one time settlement. 2. I have heard the learned Standing Counsel for the bank also. 3. Having heard both sides, I dispose of this writ petition with the following directions: The petitioner shall comply with the conditions for seeking one time settlement and file an application for one time settlement within two weeks from today. If the petitioner complies with the above directions, the respondent shall consider the same and pass appropriate orders in accordance with law. If W.P.(C)No.21686/11 2 the petitioner complies with the conditions for seeking one time settlement by paying the appropriate amount, further proceedings under the Act shall be kept in abeyance until an order is passed on the application for one time settlement. S. SIRI JAGAN, JUDGE acd W.P.(C)No.21686/11 3