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2025 Supreme(Online)(Ker) 41062

IN THE HIGH COURT OF KERALA AT ERNAKULAM
P.V.KUNHIKRISHNAN, J
KANDAL SERVICE CO-OPERATIVE BANK – Appellant
Versus
DIRECTORATE OF ENFORCEMENT – Respondent


Advocates:
For the Appellants/Petitioners: SRI. R. I. PRADEEP, SMT. M. BINDTJIDZIS, SMI. N. I. PRADHEEP
For the Respondents: SRI JAISHANKAR V RAIR, SRI ARUN MISHRA, SRI ARUN SREEDESH, SRI I. K. SANDREP, SRI ALEX ABRAHAM, SRI HARIKRISHNAN, P.A. SRI AMJITH, C.M. SMT. SREEJAKSHMI, SHIBU

Table of Content
1. secured property recovery petition (Para 2)
2. enforcement agency consent to claim (Para 3 , 4 , 5)
3. court directs property release (Para 6)

P.V.KUNHIKRISHNAN, I -11,I,I1,I,-I,I,I,llIIIIII,~111111II,, O.P. (Crl.) No. 39 of 2025 IIIII,III1,,IIII--I~I1----llIII,IIIIll Dated this the llth day of July, 2025

JUDGMENT

The above original petition is filed with following Prayers :

i. '`To set aside Exhibits pl and p2.

ii. To direct the lst Respondent to release the movable and immovable pl-opeTties of Respondents 2 to 6 which are the subject matter of Exhibit Pl and P2 to the petitioners I;orthwith so ais to enable the pel:itioners to proceed agaiinst those properties to realize the amount due on the loans taiken by I.espondents 2 to 6 and to pay off the unpaid depositors,.

iii. Such other relief ;s which this Hon'ble court may deem fit and proper in the interest of justice." [sic]

2. The lst petitioner is a Co-operative Society registered under the Co-operative Societies Act, 1969. The 2nd petitioner is the town branch (Maranalloor branch, Thiruvananthapuram) of the lst petitioner-society. It is alleged that the former president of the bank and the members of his family loote

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