High Court of KeralaWP(C)/25497/2015disposed of

James Baby v. The Kasargod Dist.Co.Op. Bank

2015-08-20Honourable Mr. Justice A.Muhamed Mustaque3 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. 25497 of 2015 (J) ------------------------------------------ PETITIONER(S) :

------------------------- JAMES BABY, AGED 49 YEARS, S/O.BABY MATHAI, MAMRE GARDEN HOUSE, PADUPPU, SANKARANPADI P.O, KARIVADAKAM VILLAGE, KASARGOD DISTRICT.

BY ADV. SRI.LATHEESH SEBASTIAN RESPONDENT(S) :

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

1. THE KASARGOD DISTRICT CO-OPERATIVE BANK LIMITED, REPRESENTED BY ITS GENERAL MANAGER, KASARGOD DISTRICT- 671 121.

2. THE AUTHORIZED OFFICER, UNDER THE SARFESI ACT, THE KASARGOD DISTRICT CO-OPERATIVE BANK LIMITED, KASARGOD DISTRICT- 671 121.

3. THE BRANCH MANAGER, THE KASARGOD DISTRICT CO-OPERATIVE BANK LIMITED, KASARGOD DISTRICT- 671 121.

BY ADV. SRI.JAWAHAR JOSE, S.C THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 20-08-2015, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

Msd.

WP(C).No. 25497 of 2015 (J) ----------------------------------------- APPENDIX PETITIONER(S)' EXHIBITS :

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

TRUE COPY OF THE RECEIPT ISSUED BY THE 3RD RESPONDENT DATED 10.03.2014.

EXHIBIT P2:

TRUE COPY OF THE RECEIPT ISSUED BY THE 3RD RESPONDENT DATED 23.03.2015.

EXHIBIT P3:

TRUE COPY OF THE NOTICE OF THE 3RD RESPONDENT DATED 03.06.2015.

EXHIBIT P4:

TRUE COPY OF THE REPRESENTATION OF THE PETITIONER DATED 20.07.2015.

RESPONDENT(S)' EXHIBITS :

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

Msd.

A.MUHAMED MUSTAQUE, J.

***************************************************************************** W.P.(C) No.25497 of 2015 ****************************************************************************** Dated this the 20th day of August, 2015

JUDGMENT

The petitioner has approached this Court challenging SARFAESI proceedings. The only prayer of the petitioner is that he may be given an instalment facility to discharge the entire liability. 2.

Learned standing counsel for the respondent Bank submits that the total amount due from the petitioner is around Rs.2 lakhs.

Considering the facts and circumstances, the petitioner is permitted to discharge the entire liability in ten equal monthly instalments starting from 10.9.2015. If the petitioner commits default in remitting anyone of the instalments, the Bank is free to proceed against the petitioner in accordance with law. The writ petition is disposed of as above.

Sd/- A.MUHAMED MUSTAQUE, JUDGE ln