Kerala High Court
Benny P D vs The State Bank Of India on 8 February, 2019
Author: Devan Ramachandran
Bench: Devan Ramachandran
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE DEVAN RAMACHANDRAN
FRIDAY ,THE 08TH DAY OF FEBRUARY 2019 / 19TH MAGHA, 1940
WP(C).No. 3340 of 2019
PETITIONER:
BENNY P D
AGED 51 YEARS
S/O.P V DEVASSY, POOLAN HOUSE, URAKAM.P.O., THRISSUR
DISTRICT, PIN-680562.
BY ADVS.
SRI.ARUN ASHOK
SMT.NEENA JAMES
SRI.T.R.SHAJU XAVIOUR
RESPONDENTS:
1 THE STATE BANK OF INDIA,
URAKAM BRANCH, P.B.NO.1, CHANDRA MOHAN BUILDING,
URAKAM, THRISSUR DISTRICT, REP. BY ITS BRANCH
MANAGER-680562.
2 THE AUTHORISED OFFICER,
STATE BANK OF INDIA, RACPC, 2ND FLOOR, WEST
PALLITHANAM BUILDING, KARUNAKARAN NAMBIAR ROAD,
THRISSUR-680020.
SRI.JAICE JACOB-SC
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON
08.02.2019, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:
WP(C).No. 3340 of 2019
2
JUDGMENT
Through this writ petition, the petitioner calls into question certain proceedings initiated and being pursued by the respondent Bank under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act ('the SARFAESI Act' for brevity).
2. I have heard the learned counsel for the petitioner and the learned counsel for the respondent Bank.
3. As I proceed to consider the reliefs prayed for by the petitioner herein, I am conscious that I am jurisdictionally proscribed from entering into any enquiry or consideration of the legality or otherwise of the orders impugned in this writ petition on account of the imperative statutory provisions and the binding judicial pronouncements, especially that of the Hon'ble Supreme Court in Union Bank of India v. Satyawati Tondon ((2010) 8 SCC 110) and followed recently in Authorised Officer, SBT v. Mathew (ILR 2018 (1) Ker. 479). I, therefore, cannot and do not propose to consider any of the legal contentions raised by the petitioner on its merits.
4. However, obviously being aware of this, the learned counsel WP(C).No. 3340 of 2019 3 appearing for the petitioner has prayed that notwithstanding the limitations of jurisdiction as aforementioned, the petitioner may be granted some leniency or latitude in order to enable him to pay off the overdue amounts in installments.
5. I, therefore, enquired with the learned counsel for the Bank as to whether the request on the part of the petitioner can be allowed, especially on account of the fact that the Banks are only interested in recovering and not in maintaining and keep pending litigations and legal proceedings against such recovery. The learned counsel has fairly submitted that the Bank is concerned about recovery at the earliest and that if the petitioner pays off the dues quickly, it would be to their interest also.
6. In view of the fact that the proceedings initiated by the Bank would consume time to culminate in total recovery and taking into account the financial constraints and burden that have been alleged and pleaded by the petitioner, I am inclined to dispose of this writ petition allowing him an opportunity to pay off the overdue amounts demanded by the Bank.
7. The learned counsel for the Bank at this time submits that the WP(C).No. 3340 of 2019 4 petitioner can be allowed to pay off the overdue amount of Rs.1,44,562/- as on 07/02/2019 by 28/03/2019 and he shall also pay the regular EMI's from March.
8. The learned counsel for the petitioner says that the petitioner is agreeable to the above offer made by the Bank and therefore that the writ petition may be ordered granting permission to the petitioner to pay off the amount in the manner as afore.
9. In such circumstances, I direct the petitioner to pay off the aforementioned overdue amount of Rs.1,44,562/- as on 07/02/2019 along with applicable charges and interest, by 28/03/2019. He shall also, in addition to this, pay the regular EMIs without fail from March 2019. If such payment is made by the petitioner, his loan account would stand regularised and he would then be at liberty to service the account as per the terms of the loan sanctioned. It goes without saying that if there is any default in making the payment as directed above, the benefit granted under this judgment would stand vacated and the Bank will be at liberty to recover the entire liability from the petitioner by continuing with the proceedings from the stage it is on this date.
10. I make it clear that the directions in this judgment are WP(C).No. 3340 of 2019 5 peremptory in nature and that the petitioner will have to comply with the same meticulously. I caution the petitioner that no further requests for extension or modification of this judgment will be permitted, except in exceptional circumstances, and that if the petitioner fails to comply with the directions herein, he will lose the benefit of this judgment and he will also be foreclosed from challenging the measures/proceedings taken by the Bank under the SARFAESI Act and impugned in this writ petition before any other alternative Forum or Court.
The writ petition is ordered accordingly.
Sd/-
DEVAN RAMACHANDRAN JUDGE Ns //True copy// Pa to Judge WP(C).No. 3340 of 2019 6 APPENDIX PETITIONER'S EXHIBITS:
EXHIBIT P1 A TRUE COPY OF THE COMMUNICATION OF THE 2ND RESPONDENT DATED 6.10.2018.
EXHIBIT P2 A TRUE COPY OF THE POSSESSION NOTICE SENT BY 2ND RESPONDENT DATED 9.1.2019.
EXHIBIT P3 A TRUE COPY OF THE JUDGMENT OF THIS HON'BLE COURT IN WPC.30899 OF 2018 DATED 24.9.2018.
EXHIBIT P4 A TRUE COPY OF THE HOME LOAN ACCOUNT STATEMENT OF PETITIONER.