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MOHAMMED SHABEER AGED 40 v. THE DISTRICT COLLECTOR - WP(C) No. 24919 of 2007(N)  RD-KL 17462 (18 September 2007)
IN THE HIGH COURT OF KERALA AT ERNAKULAMWP(C) No. 24919 of 2007(N)
1. MOHAMMED SHABEER AGED 40,
1. THE DISTRICT COLLECTOR,
2. THE TAHASILDAR,
3. THE VILLAGE OFFICER,
4. THE SUPERINTENDENT OF POLICE,
5. THE AUTHORISED OFFICER,
For Petitioner :SRI.R.T.PRADEEP
For Respondent : No Appearance
The Hon'ble MR. Justice ANTONY DOMINIC
O R D E R
ANTONY DOMINIC, J.
W.P.(C) NO. 24919 OF 2007
Dated this the 18th day of September, 2007
J U D G M E N T
Proceedings initiated under the Securitisation Act in respect of the property belonging to the petitioner, situated in Kerala is under challenge in this writ petition. Although by order dated 17/8/07, this court passed an order doubting the jurisdiction of this court to entertain the writ petition, the case was adjourned at the request of the counsel for the respondent Bank for taking instruction as to whether the Bank is agreeable for an agreed settlement of the matter.
2. Today, when the matter came up for orders, the learned standing counsel for the respondent Bank submits that if the petitioner is willing to pay Rs.2,00,000/- (Rupees Two lakhs) on or before 10/10/07 and the entire balance amount before 31/3/08, the Bank will refrain itself from proceeding further against the mortgaged property. This WPC 24919/07 suggestion of the counsel for the Bank has been accepted by the learned counsel for the petitioner.
3. This agreement between the parties is recorded. Needless to state that, in the event of failure to honour the terms of the aforesaid agreement, the Bank will be free to proceed against the mortgaged property. Writ petition is disposed of as above.
ANTONY DOMINIC, JUDGE.Rp
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