Kerala High Court
Popular Industries vs The Federal Bank Ltd on 23 June, 2022
RP No.507/2022 1/1
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS
Thursday, the 23rd day of June 2022 / 2nd Ashadha, 1944
RP NO. 507 OF 2022
WP(C) 10742/2022 OF HIGH COURT OF KERALA, ERNAKULAM
REVIEW PETITIONERS/PETITIONERS:
1. M/S. POPULAR INDUSTRIES REPRESENTED BY HAMZA, S/O HYDROSE, AGED 45
YEARS, VAKULANGARA HOUSE, PANAMARAM POST, MANTHAVADI TALUK, WAYANAD
DISTRICT, PIN- 670721.
2. HAMZA, S/O HYDROSE, AGED 45 YEARS, VAKULANGARA HOUSE, PANAMARAM
POST, MANTHAVADI TALUK, WAYANAD DISTRICT, PIN- 670721.
3. MAIMUNA, W/O HAMZA, AGED 45 YEARS, VAKULANGARA HOUSE, PANAMARAM
POST, MANTHAVADI TALUK, WAYANAD DISTRICT, PIN- 670721.
RESPONDENTS/RESPONDENTS:
1. THE FEDERAL BANK LTD. REPRESENTED BY ITS AUTHORISED OFFICER, BOSE
C.M., DEPUTY VICE PRESIDENT AND DIVISION HEAD LCRD/KOZHIKODE
DIVISION, 1ST FLOOR FEDERAL TOWERS, MAVOOR ROAD, ARAYADATHUPALAM,
KOZHIKODE, PIN-673016.
2. RESERVE BANK OF INDIA, REPRESENTED BY ITS GOVERNOR, SANAD MARG,
SANAD MARG AREA, NEW DELHI, DELHI, PIN-110001.
Review Petition praying inter alia that in the circumstances stated
in the RP the High Court be pleased to stay the directions to pay arrears
amount in 15 installments and further direct the 1st respondent bank to
stay further coercive proceedings against petitioners including the
recovery of possession of the residential house pending disposal of this
Review Petition in the interest of justice.
This Review Petition coming on for orders upon perusing the
petition and this courts judgment dated 05/04/2022 and upon hearing the
arguments of M/S. P.A.ISMAIL and RASNA ISMAIL, Advocates for the
petitioner in RP/WP(C), the Court passed the following:
ORDER
Post on 15.07.2022. Till then all coercive proceedings against the petitioner shall be kept in abeyance.
23.06.2022 Sd/- BECHU KURIAN THOMAS, JUDGE 23-06-2022 /True Copy/ Assistant Registrar