IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM MONDAY, THE 30TH MAY 2011 / 9TH JYAISHTA 1933 WP(C).No. 6169 of 2011(U) ------------------------- PETITIONER(S): --------------- PRAJITHLAL.C.P., S/O.LATE C.K.SUKUMARAN, `BHAKTHI', P.O.AYANIKAD, VIA IRINGAL, KOZHIKODE DISTRICT. BY ADV. SRI.A.F.SEBASTIAN RESPONDENT(S): --------------- THE FEDERAL BANK LTD., REP.BY THE AUTHORISED OFFICER, (SARFAESE ACT) REGIONAL OFFICE, FEDERAL TOWERS, MAVOOR ROAD, KOZHIKODE-673 016. ADV. SRI.GEORGE VARGHESE (MANACHIRACKEL) THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 30/05/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.K.ABDUL REHIM, J --------------------------------------- W.P(C) No.6169 of 2011-U ---------------------------------------- Dated this the 30th day of May, 2011. J U D G M E N T Proceedings initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is challenged in this writ petition. Considering availability of statutory remedy, this Court was not inclined to entertain this writ petition. However, on the basis of persuasive submissions made, dispossession of the petitioner from the property was directed to be kept in abeyance, subject to condition of the petitioner remitting a sum of Rs.1,50,000/- within three weeks from 28.2.2011. Subsequently, on the basis of an application made, extension of time stipulated for compliance of the condition was granted till 30.4.2011, subject to condition of payment of a further sum of Rs.1 lakh on or before 25.5.2011. 2. Learned counsel for the petitioner conceded that the conditions stipulated in the interim orders could not be W.P(C) No.6169 of 2011-U 2 complied with. However, he seeks permission to pursue the statutory remedy if any available under the SARFAESI Act. Under the above circumstances, the writ petition is dismissed. However, remedy if any available under the statute stands reserved. C.K.ABDUL REHIM JUDGE ab