The petitioner is aggrieved by the alleged dispossession, which is to take place today. Earlier when SARFAESI proceedings were initiated, the petitioner was before this Court. The petitioner had also obtained an order of 4 equal monthly instalments starting from 15.02.2014 to clear the overdue of an amount of Rs.3,70,000/-. The petitioner's submits that Rs.1,40,000/- was paid including the arrears and overdue instalments. That is little solace insofar as the repayment of the arrears or the remittance of the equated monthly instalment (EMI), which the petitioner ought to have done on the due dates, as stipulated in the original agreement, as also granted by this Court. Since dispossession is threatened today, the petitioner is granted a period of 30 days from today to settle the entire arrears as W.P.(C) No. 16391 of 2014 2 also the EMI instalments due as on today. If any EMI falls due in the 30 days period, that also shall be paid. The Bank shall keep the dispossession in abeyance for one month till 25.07.2014. If the arrears are not cleared, the petitioner shall voluntarily surrender the property to the respondent Bank. Sd/-
K. VINOD CHANDRAN, JUDGE SB // True Copy // P.A To Judge.