IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN THURSDAY, THE 5TH JUNE 2008 / 15TH JYAISHTA 1930 WP(C).No. 10934 of 2008(B) -------------------------- PETITIONER: ------------ K.V. AYYAPPAN, PROPRIETOR, M/S. KANNAN FASHION JEWELLERY, POST OFFICE JUNCTION, PARASSALA P.O., THIRUVANANTHAPURAM DISTRICT. BY ADV. SRI.M.C.ANTONY RESPONDENTS: ------------- 1. THE AUTHORISED OFFICER, CHIEF MANAGER (ADVANCES), STATE BANK OF TRAVANCORE REGION-II, ZONAL OFFICE, THIRUVANANTHAPURAM. 2. THE BRANCH MANAGER, STATE BANK OF TRAVANCORE, PARASSALA. BY ADV. SRI.R.S.KALKURA THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 05/06/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: S. Siri Jagan, J. =-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-= W. P (C) No. 10934 of 2008 =-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-= Dated this, the 5th June, 2008. J U D G M E N T Petitioner challenges proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 initiated by the respondents for non-payment of loan amounts due from the petitioner to the State Bank of Travancore, Parassala. The petitioner's contention is that certain amounts paid by the petitioner have not been credited to his account and there is mistake in accounts. He would also submit that the petitioner is entitled to certain amounts from the Kerala Khadi and Village Industries Board, Thiruvananthapuram and he is awaiting payment of the same to the account of the petitioner in the loan account. These are all matters which this Court cannot decide in proceedings under Article 226 of the Constitution of India. As far as proceedings under the Securitisation Act are concerned, the petitioner's remedy lies in filing appeal before the Debt Recovery Tribunal. In the above circumstances, the petitioner makes a fervent plea for a direction to the 2nd respondent to consider his claim for regularisation of the loan account by paying the defaulted amount. If the petitioner files an application in that regard before the 2nd respondent, the 2nd respondent shall consider and pass orders on the same in accordance with law within one month from the date of the application. The writ petition is disposed of as above. Sd/- S. Siri Jagan, Judge. Tds/ [True copy] P.S to Judge.