High Court of KeralaWP(C)/25021/2015disposed of

Rejumon v. Regional Manager

2015-08-20Honourable Mr. Justice A.Muhamed Mustaque4 pages

IN THE HIGH COURT OF KERALA AT ERNAKULAM

PRESENT:

THE HONOURABLE MR. JUSTICE A.MUHAMED MUSTAQUE THURSDAY, THE 20TH DAY OF AUGUST 2015/29TH SRAVANA, 1937 WP(C).No. 25021 of 2015 (C) ---------------------------- PETITIONER(S):

--------------------------

1. REJUMON V.R., S/O.RAVEENDRAN, PUTHANPARAMBIL, PATTANAKKAD P.O.,CHERTHALA, PIN - 688 531.

2. RESMI SEKHAR,W/O.REJUMON V.R., PUTHANPARAMBIL, PATTANAKKAD P.O., CHERTHALA, PIN - 688 531.

BY ADVS.SRI.DARSAN SOMANATH SRI.V.S.RAJAN RESPONDENT(S):

----------------------------

1. REGIONAL MANAGER, STATE BANK OF TRAVANCORE, KALARCODE, ALAPPUZHA, PIN : 688 003.

2. BRANCH MANAGER, STATE BANK OF TRAVANCORE, PONNAMVELI, PATTANAKKAD P.O., CHERTHALA, PIN : 688 531.

BY SRI.P.SATHISAN, SC, STATE BANK OF TRAVANCORE THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 20-08-2015, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

sts

WP(C).No. 25021 of 2015 (C) ----------------------------------------- APPENDIX PETITIONER(S)' EXHIBITS ------------------------------------- EXT.P-1:

TRUE COPY OF THE NOTICE ISSUED UNDER SECTION 13(2) OF SARFAESI ACT DATED 6.5.2015 EXT.P-2:

TRUE COPY OF REQUEST SEND BY THE PETITIONERS TO THE RESPONDENT DATED 22.5.2015 EXT.P-3:

TRUE COPY OF THE POSSESSION NOTICE ISSUED BY THE RESPONDENT BANK DATED 13.8.2015 UNDER SECTION 13(4) OF SARFAESI ACT.

RESPONDENT(S)' EXHIBITS:

NIL ----------------------------------------- /TRUE COPY/ P.A.TO JUDGE sts

A. MUHAMED MUSTAQUE, J ----------------------------------------------------- W.P.(C).No. 25021 of 2015 ----------------------------------------------------- Dated this the 20th day of August, 2015

JUDGMENT

The petitioners availed a housing loan from the respondent-Bank. The petitioners challenge SARFAESI proceedings. The only prayer of the petitioners before this Court is that they may be permitted to clear the overdue amount and the Bank may be directed to regularise the account.

2. According to the learned counsel for the Bank, the overdue amount of the petitioner is Rs.1,94,000/-.

3. In that view of the matter, the following directions are issued :

i) The petitioners are permitted to clear the overdue amount in six equal monthly instalments along with regular EMI from the month of September onwards.

ii) If the petitioners clear the amount as above, the Bank shall regularise the account.

W.P.(C).No. 25021 of 2015 -2iii) If the petitioners commit default in remitting any one of the instalments, the respondent-Bank is free to proceed against the petitioner in accordance with law.

The writ petition is disposed of as above. No costs. Sd/- A. MUHAMED MUSTAQUE, JUDGE bpr