IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC MONDAY, THE 3RD MARCH 2008 / 13TH PHALGUNA 1929 WP(C).No. 7289 of 2008(P) ------------------------- PETITIONER: ------------ LALAN S.V., SASTHAMPARAMBIL HOUSE PONNARIMANGALAM, MULAVUKAD, KOCHI. BY ADV. SRI.M.R.SASITH RESPONDENTS: ------------- 1. MANAGER, STATE BANK OF TRAVANCORE BROADWAY BRANCH, ERNAKULAM. 2. AUTHORISED OFFICER STATE BANK OF TRAVANCORE, BROADWAY BRANCH ERNAKULAM. BY ADV. SRI.SATHISH NINAN - SC SRI.SANTHOSH MATHEW THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 03/03/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J ----------------------------------------------------------------- W.P.(C).NO.7289/2008 ----------------------------------------------------------------- Dated this the 3rd day of March, 2008 JUDGMENT In this writ petition, though the petitioner challenging the proceedings initiated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, all that the petitioner seeks now is an instalment facility to discharge the liability. 2. Having heard the counsel for the petitioner and also the Standing Counsel for the respondents, I feel that instalment facility should be granted to the petitioner to liquidate the debt. Accordingly, this writ petition is disposed of directing that the amount due shall be paid by the petitioner in three equal monthly installments, first of which will be payable before 15th March, 2008 and the subsequent instalments shall be paid before 15th of every succeeding months. It is 2 clarified that in case the petitioner commits default in paying as above, the Bank will be free to take action against the petitioner. ANTONY DOMINIC JUDGE vi. 3