SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2014 Supreme(Online)(KER) 12881

HIGH COURT OF KERALA
P.R.RAMACHANDRA MENON, J
JAYACHANDRAN – Appellant
Versus
THE AUTHORIZED OFFICER – Respondent


JUDGMENT

The petitioner availed a cash credit facility of Rs. 85 lakhs from the 1st respondent Bank, creating security interest over the property in question. Because of the adverse circumstances, the repayment could not be effected on time, as scheduled, which made the petitioner a defaulter and the Bank proceeded with the steps under the SARFAESI Act , after declaring the account as 'NPA'. The Bank sought to approach the concerned Chief Judicial Magistrate's Court by filing a petition under Section 14 of the Act, for getting vacant surrender of the premises, whereby an Advocate Commissioner came to be appointed, which made the petitioner to approach this Court with the following prayers :

i, Issue a writ of mandamus or any other appropriate writ, direction or order directing the respondents to keep in abeyance all proceedings pursuant to Exhibits P1 to P4 against the petitioners and their property having an extent of 10 cents comprised in Survey No. 1204/5-2-1 of Pattom Village, Thiruvananthapuram Taluk and another extent of

2.43 Ares of property in Resurvey No. 47/11-1 of Anavoor Village, Neyyattinkara Taluk, under the securization Act for a period of 5 months so as to enable the

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top