The petitioners are aggrieved by the SARFAESI proceedings issued against them and the symbolic possession taken of the residential property of the petitioners. 2. The learned counsel appearing for the Bank submits that the petitioners had been regularly before this Court and had defaulted the conditions imposed. By Ext.P2 judgment, this Court had passed an order granting ten equal monthly instalments starting from 1.1.2014. The same was defaulted and the petitioners were before the Bank seeking for full settlement of the loan account before 31.03.2014 and even that was not complied with by the petitioners. They again approached this Court in the earlier disposed of writ petition wherein again WP(C).13704/14 2 defaulted arrears was directed to be paid before 28.03.2014. The petitioners have not complied with the same also and are before this Court again claiming equity.
3. In the above circumstances, this Court is of the opinion that no equity can be extended to the petitioners. However, considering the fact that the residential property is under distress, the petitioners are granted a month's time from today to settle the entire liabilities and if the same is not settled before 30.07.2014, the respondent Bank shall be free to proceed with the recovery proceedings.
Writ petition disposed of.
Sd/- K.VINOD CHANDRAN, Judge Mrcs