High Court of KeralaWP(C)/23706/2015disposed of

Wilson.C.L v. The Federal Bank

2015-08-19Honourable Mr. Justice A.Muhamed Mustaque3 pages

IN THE HIGH COURT OF KERALA AT ERNAKULAM

PRESENT:

THE HONOURABLE MR. JUSTICE A.MUHAMED MUSTAQUE WEDNESDAY, THE 19TH DAY OF AUGUST 2015/28TH SRAVANA, 1937 WP(C).No. 23706 of 2015 (K) ---------------------------- PETITIONER(S) :

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1. WILSON C.L., CHAKKALAKKAL HOUSE, KUTTIKKATTIL LANE, CHETTUPUZHA THRISSUR - 680 621.

2. RAJI WILSON, W/O.WILSON C.L., CHAKKALAKKAL HOUSE, KUTTIKKATTIL LANE CHETTUPUZHA, THRISSUR - 680 621.

BY ADVS.SRI.M.H.HANIL KUMAR SMT.M.R.JAYALATHA SRI.M.R.DHANIL RESPONDENT(S) :

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1. THE FEDERAL BANK REP. BY ITS CHIEF MANAGER, ZONAL OFFICE, STRESSED ASSET MANAGEMENT CELL FEDERAL TOWERS (1ST FLOOR) MARINE DRIVE ERNAKULAM - 682 031.

2. THE AUTHORIZED OFFICER, ZONAL OFFICE, STRESSED ASSET MANAGEMENT CELL FEDERAL TOWERS (1ST FLOOR) MARINE DRIVE ERNAKULAM - 682 031.

R1 & R2 BY ADVS. SRI.A.ANTONY SMT.LEELAMMA ANTONY THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 19-08-2015, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

Mn ...2/-

WP(C).No. 23706 of 2015 (K) ---------------------------------------- APPENDIX PETITIONERS' EXHIBITS :

------------------------------------- EXHIBIT-P1:

A TRUE COPY OF THE TITLE DEED DATED 30.4.2010. EXHIBIT-P2:

A TRUE COPY OF THE ORDER IN O.A.NO.550/2013 DATED 2.6.2015. EXHIBIT-P3:

A TRUE COPY OF THE SALE NOTICE ISSUED BY THE 1ST RESPONDENT DATED 2.7.2015.

EXHIBIT-P4:

A TRUE COPY OF THE REPRESENTATION SUBMITTED BY THE PETITIONERS DATED 3.8.2015.

RESPONDENT(S)' EXHIBITS : NIL ---------------------------------------------------------------- //TRUE COPY// P.A. TO JUDGE Mn

A. MUHAMED MUSTAQUE, J ----------------------------------------------------- W.P.(C).No. 23706 of 2015 ----------------------------------------------------- Dated this the 19th day of August, 2015

JUDGMENT

The petitioners approached this Court challenging SARFAESI proceedings. They availed a housing loan from the respondent-Bank.

2. The learned counsel for the Bank submitted that after availing a housing loan, the petitioners misutilised the fund and diverted the fund for some other purposes. It is also submitted that the property of the petitioners was sold in auction on 11.08.2015.

In that view of the matter, with a liberty to challenge the sale before the Debts Recovery Tribunal, the writ petition is disposed of.

Sd/- A. MUHAMED MUSTAQUE, JUDGE bpr