IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC WEDNESDAY, THE 2ND APRIL 2008 / 13TH CHAITHRA 1930 W.P(C).No. 8636 of 2008(C) --------------------------------- PETITIONER: ------------- E.K.ABDUL SATHAR, ASSIUMMA MANZIL, MOWENCHERRY P.O., KANNUR DISTRICT. BY ADV. SRI.SUNIL V.MOHAMMED RESPONDENT: --------------- THE AUTHORISED OFFICER, NORTH MALABAR GRAMIN BANK, HEAD OFFICE, NMGB TOWERS, NH 17, PALLIKKUNNU P.O., KANNUR 670 004. BY ADV. DEVAN RAMACHANDRAN, SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 02/04/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. =============== W.P.(C) NO. 8636 OF 2008 C ==================== Dated this the 2nd day of April, 2008 J U D G M E N T Petitioner who has been issued Ext.P1 notice under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 has filed his reply and complains that he has not been given the correct details about the liability. It is also stated that if his liability is quantified and informed, he is willing to repay the entire amount in instalments. 2. I heard the standing counsel who appeared on notice by the respondent Bank also. 3. In the nature of the reliefs that are sought for by the petitioner, I feel it is only reasonable and therefore I dispose of this writ petition with the following directions. That within two weeks of production of a copy of this judgment, respondent Bank shall give the petitioner a latest statement of accounts indicating his liability. Once the statement is given as above, I also direct that the petitioner will be permitted to pay the amount due in four equal monthly instalments, the first of which will be payable on or before 30th of WPC 8636/08 :2 : April, 2008 and the subsequent instalments payable before 30th of every succeeding month. It is clarified that in case default is committed, it will be open to the Bank to continue the action that it has already initiated. ANTONY DOMINIC,JUDGE. Rp