Saturday, 02, May, 2026
 
 
 
Expand O P Jindal Global University
 
  
  
 
 
 

M/S. Grids Engineers And Contractors vs Union Bank Of India
2024 Latest Caselaw 30202 Ker

Citation : 2024 Latest Caselaw 30202 Ker
Judgement Date : 24 October, 2024

Kerala High Court

M/S. Grids Engineers And Contractors vs Union Bank Of India on 24 October, 2024

Author: N. Nagaresh

Bench: N.Nagaresh

WP(C) No.18030/2024                     1/3                       Order Date : 24-10-2024

                      IN THE HIGH COURT OF KERALA AT ERNAKULAM
                                      PRESENT
                        THE HONOURABLE MR.JUSTICE N.NAGARESH
            Thursday, the 24th day of October 2024 / 2nd Karthika, 1946
                      IA.NO.1/2024 IN WP(C) NO. 18030 OF 2024
   APPLICANTS/PETITIONERS:

      1. M/S. GRIDS ENGINEERS AND CONTRACTORS AGED 46 YEARS MMC/IX/456/A7,
         ATHIRA COMPLEX, MUDAVOOR P.O., MUVATTUPUZHA, ERNAKULAM, REPRESENTED
         BY ITS MANAGING PARTNER SHINE V. RAJ., PIN - 686669
      2. SHINE V. RAJ AGED 46 YEARS S/O. V.A. RAJAN, MANAGING PARTNER, M/S.
         GRIDS ENGINEERS AND CONTRACTORS, MMC/IX/456/A7, ATHIRA COMPLEX,
         MUDAVOOR P.O., MUVATTUPUZHA, ERNAKULAM RESIDING AT VARAMBATHUKUDIYIL
         HOUSE, VELLOORKUNNAM P.O., MUDAVOOR, MUVATTUPUZHA, ERNAKULAM , PIN -
         686669
      3. V.A. RAJAN AGED 79 YEARS VARAMBATHUKUDIYIL HOUSE, VELLOORKUNNAM
         P.O., MUDAVOOR, MUVATTUPUZHA, ERNAKULAM , PIN - 686669

   RESPONDENTS/RESPONDENTS:

      1. UNION BANK OF INDIA REGIONAL OFFICE KOTTAYAM, 3RD FLOOR, AMALA
         TOWERS, ADICHIRA JUNCTION, KOTTAYAM, REPRESENTED BY ITS CHIEF
         MANAGER AND AUTHORIZED OFFICER, , PIN - 686630
      2. THE BRANCH MANAGER UNION BANK OF INDIA (E-ANDHRA BANK) , THODUPUZHA
         BRANCH, 1ST FLOOR, VELLARINGAT TOWERS, BY PASS JUNCTION, THODUPUZHA,
         IDUKKI DISTRICT , PIN - 685584

        Application praying that in the circumstances stated in the
   affidavit filed therewith the High Court be pleased to enlarge and extend
   the time granted in the judgment dated 24-06-2024 by deferring the
   instalment payments of October and November 2024, by re-scheduling the
   payment as ordered in the judgment by enlarging and extending the time
   from December 2024 onwards, for the ends of justice.
        This Application coming on for orders upon perusing the application
   and the affidavit filed in support thereof, and upon hearing the arguments
   of SRI. BIJU ABRAHAM, Advocate for the petitioner and of M/S. ASP.KURUP,
   SADCHITH.P.KURUP, C.P.ANIL RAJ), SIVA SURESH, ATHIRA VIJAYAN, B.SREEDEVI,
   Advocates for the respondents, the court passed the following:
 WP(C) No.18030/2024                              2/3                              Order Date : 24-10-2024




                                        N. NAGARESH, J.
                                        ----------------------------
                                           I.A.No.1 of 2024
                                                     in
                                    W.P.(C) No.18030 of 2024
                             --------------------------------------------------
                              Dated this the 24th day of October, 2024


                                              ORDER

The direction of this Court to the petitioners was to

remit the outstanding amount of ₹85 lakhs in six equal and

consecutive monthly installments. The petitioners submit that

₹69 lakhs has already been remitted. The petitioners seek a

breathing time to pay next installment.

2. Standing Counsel to get instructions.

Post on 28.10.2024.

Sd/-

N. NAGARESH JUDGE SR WP(C) No.18030/2024 3/3 Order Date : 24-10-2024

APPENDIX OF WP(C) 18030/2024 Exhibit P1 A TRUE COPY OF THE NOTICE DATED 19-08-2021 BY THE 1ST RESPONDENT TO THE PETITIONERS Exhibit P2 A TRUE COPY OF THE OBJECTION SENDS BY THE 1ST PETITIONER TO THE 1ST RESPONDENT DATED 27-12-2021 ExhibitP3 A TRUE COPY OF THE COMMUNICATION OF THE 1ST RESPONDENT TO THE 1ST PETITIONER DATED 10-01-2022 Exhibit P4 A TRUE COPY OF THE REPLY OF THE 1ST PETITIONER TO THE 1ST RESPONDENT DATED 21-01-2022 Exhibit P5 A TRUE COPY OF THE POSSESSION NOTICE ISSUED BY THE 1ST RESPONDENT AS AGAINST THE PROPERTY OF 2ND PETITIONER DATED 20-05-2022 Exhibit P6 A TRUE COPY OF THE POSSESSION NOTICE ISSUED BY THE 1ST RESPONDENT AS AGAINST THE PROPERTY OF 3RD PETITIONER DATED 20-05-2022 Exhibit P7 A TRUE COPY OF THE REPLY DATED 21-05-2022 OF THE 1ST PETITIONER TO THE 1ST RESPONDENT Exhibit P8 A TRUE COPY OF THE COMMUNICATION DATED 19-07-2022 OF THE 1ST PETITIONER TO THE 1ST RESPONDENT Exhibit P9 A TRUE COPY OF THE SALE NOTICE DATED 18-07-2022 OF THE 1ST RESPONDENT TO THE PETITIONERS Exhibit P10 A TRUE COPY OF THE ORDER DATED 29-08-2022 OF THE DEBT RECOVERY TRIBUNAL, ERNAKULAM IN I.A. NO. 1618/2022 IN S.A. NO. 379 OF 2022 Exhibit P11 A TRUE COPY OF THE NOTICE GIVEN BY THE ADVOCATE COMMISSIONER DATED 18-05-2024 TO THE PETITIONERS Exhibit P12 A TRUE COPY OF THE APPLICATION FOR ENLARGEMENT AND EXTENSION OF INTERIM ORDER FILED AS I.A. NO. 1822/2024 IN S.A. NO. 379/2022 DATED 07-05-2024 ON THE FILES OF THE DEBT RECOVERY TRIBUNAL, ERNAKULAM Exhibit P13 A TRUE COPY OF THE APPLICATION FOR STAY FILED AS I.A. NO. 1823/2024 IN S.A. NO. 379/2022 DATED 07-05-2024 ON THE FILES OF THE DEBT RECOVERY TRIBUNAL, ERNAKULAM Exhibit P14 A TRUE COPY OF THE APPLICATION SUBMITTED BY THE 1ST & 2ND APPLICANTS TO THE RESPONDENTS DATED 09-10-2024 Exhibit R1A A true copy of the proceedings dated 16.8.2023 in SA No. 379/2022 obtained from the online portal of DRT-1 Ernakulam Exhibit R1B A true copy of the proceedings dated 22.09.2023 in SA No. 379/2022 obtained from the online portal of DRT-1 Ernakulam

 
Download the LatestLaws.com Mobile App
 
 
Latestlaws Newsletter
 

Publish Your Article

 

Campus Ambassador

 

Media Partner

 

Campus Buzz

 

LatestLaws Guest Court Correspondent

LatestLaws Guest Court Correspondent Apply Now!
 

LatestLaws.com presents: Lexidem Offline Internship Program, 2026

 

LatestLaws.com presents 'Lexidem Online Internship, 2026', Apply Now!

 
 

LatestLaws Partner Event : Smt. Nirmala Devi Bam Memorial International Moot Court Competition

 
 
Latestlaws Newsletter