IN THE HIGH COURT OF KERALA AT ERNAKULAM
WP(C).No. 18972 of 2009(N)
1. CHANDRAN ACHARI, AGED 52 YEARS,
... Petitioner
Vs
1. KERALA FINANCIAL CORPORATION,
... Respondent
For Petitioner :SRI.B.PRAMOD
For Respondent : No Appearance
The Hon'ble MR. Justice V.GIRI
Dated :14/07/2009
O R D E R
V.GIRI, J
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W.P.(C).18972/2009
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Dated this the 14th day of July, 2009
JUDGMENT
Petitioner was sanctioned a loan of Rs.1,20,000/- for
starting a furniture manufacturing unit. The property
belonging to the petitioner was mortgaged as well. A lesser
amount was disbursed to the petitioner. Repayment of that
was defaulted. Petitioner applied for One Time Settlement
scheme. He was given the benefit of the Scheme and was
directed to pay an amount of Rs.1,60,000/- as balance
amount. The petitioner has sought for an extension of time
to pay the amount fixed under the OTS Scheme. Learned
Standing Counsel, on instructions, submits that the
Corporation will accept the amount fixed under the OTS
Scheme provided the petitioner pays the amount on or
before 30.9.2009 in lump or in instalments with interest for
the period from 30.6.2009 till the date of payment.
Submission is recorded. Writ petition is accordingly
disposed of.
V.GIRI,
Judge
mrcs