Kerala High Court
OP (DRT)/130/2016 of ABDUL HAMEED K.P. Vs THE AUTHORISED OFFICER on 30 December 2016
COURT OF KERALA AT ERNAKULAM PRESENT: THE HONOURABLE MR.JUSTICE K.HARILAL FRIDAY, THE 30TH DAY OF DECEMBER 2016/9TH POUSHA, 1938 OP (DRT).No. 130 of 2016 (O) ----------------------------- AGAINST THE ORDER IN SA 158/2016 of DEBT RECOVERY TRIBUNAL, ERNAKULAM DATED 17.12.2016
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT:
THE HONOURABLE MR.JUSTICE K.HARILAL
FRIDAY, THE 30TH DAY OF DECEMBER 2016/9TH POUSHA, 1938
OP (DRT).No. 130 of 2016 (O)
-----------------------------
AGAINST THE ORDER IN SA 158/2016 of DEBT RECOVERY TRIBUNAL, ERNAKULAMDATED 17.12.2016
------------------------
PETITIONER:
------------------
ABDUL HAMEED K.P.,S/O.POKKER HAJI, AGED 49 YEARS,KUPPACHEENTAVIDA, KALLACHI PO,KOZHIKODE 673 506.
BY ADVS.SRI.N.SASI
SMT.T.M.BINITHA
RESPONDENT:
---------------------
THE AUTHORISED OFFICER,STATE BANK OF TRAVANCORE, JUBILEE BHAVAN, MINI BYE PASS ROAD, KOZHIKODE 673 006.
BY SRI. JAYESH MOHAN KUMAR, SC, STATE BANK OF T TRAVANCORE
THIS OP (DEBT RECOVERY TRIBUNAL) HAVING COME UP FOR ADMISSIONON 30-12-2016, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:
OP (DRT).No. 130 of 2016 (O)
------------------------------------------ APPENDIX
PETITIONER(S)' EXHIBITS:
-------------------------------------
EXHIBIT P1 :TRUE COPY OF THE DEMAND NOTICE DATED 29.09.2016 ISSUED BY THE RESPONDENT TO THE PETITIONERS.
EXHIBIT P2 :TRUE COPY OF THE POSSESSION NOTICE DATED 09.12.2016 PASTED BY THE RESPONDENT IN THE PETITIONER'S BUIDING.EXHIBIT P3 :TRUE COPY OF THE SA.NO. 158/2016 FILED BEFORE THE DEBTRECOVERY TRIBUNAL II, ERNAKULAM.
EXHIBIT P4 :TRUE COPY OF THE ORDER BY THE DEBT RECOVERY TRIBUNAL II, ERNAKULAM, IN SA.NO. 158/2016 DATED 17.12.2016
RESPONDENT(S)' EXHIBITS: NIL
---------------------------------------
//TRUE COPY//
//P.A. TO JUDGE//
STK
K. HARILAL, J.
---------------------------
O.P.(DRT) No.130 of 2016
---------------------------------------------- Dated this the 30[th] day of December, 2016
Citations and Judicial Treatment
Cited by
0
Decisions in the index citing it
Cites
0
Decisions referred to
In this index
0
Of the decisions it cites
Overruled / Questioned
0
No negative treatment found
Loading the citing and cited decisions…
This judgment in the centre: on the left the decisions it cites, on the right the decisions citing it. Colour is the treatment; choose a decision to open it.
JUDGMENT
Heard the learned counsel appearing for the petitionerand the learned standing counsel appearing for therespondent.
2. As per Ext.P4, the petitioner is directed to pay in hisloan account a sum of Rs.1,00,000/- on or before 31.12.2016and a further sum of Rs.1,00,000/- on or before 31.01.2017,failing which, the bank is given liberty to proceed withSARFAESI measures.
3. The grievance of the petitioner is that, in spite of hisearnest efforts he could not remit the 1[st] instalment so far dueto the financial difficulty caused by the de monetization. Thepetitioner wants a breathing time for remitting the amountmentioned in Ext.A4 order.
4. The learned standing counsel appearing for the bankopposed the submission made by the learned counsel for thepetitioner seeking interference of this Court with Ext.P4order.
5. Having regard to the submissions made at the Barand the financial crunch caused by the de monetizationpolicy, the time granted to pay the first instalment ofRs.1,00,000/- will stand extended from 31.12.2016 to31.01.2017 and the second instalment of Rs.1,00,000/- willstand extended from 31.01.2017 to 28.02.2017. The defaultclause also will stand altered accordingly.
This O.P.(DRT) is disposed of accordingly.
STK
Sd/-K. HARILAL JUDGE
//TRUE COPY// //P.A. TO JUDGE//