IN THE HIGH COURT OF KERALA AT ERNAKULAM
WP(C).No. 12796 of 2009(T)
1. MOHAMMED.K, AGED 49 YEARS,
... Petitioner
2. HAMSA.K, AGED 48 YEARS,
3. RASIYA, AGED 40 YEARS,
Vs
1. THE AUTHORISED OFFICER,
... Respondent
2. THE BRANCH MANAGER,
For Petitioner :SRI.G.SREEKUMAR (CHELUR)
For Respondent :SRI.MOHAN JACOB GEORGE
The Hon'ble MR. Justice P.R.RAMACHANDRA MENON
Dated :07/08/2009
O R D E R
P.R. RAMACHANDRA MENON J.
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W.P. (C) No. 12796 of 2009
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Dated, this the 7th day of August, 2009
JUDGMENT
The learned counsel for the petitioner submits that, the condition
imposed by this Court, while granting the interim order dated 28.4.2009
has been complied with.
2. The learned counsel for the Bank on instructions submits that,
the balance amount can be permitted to be cleared by way of
reasonable installments.
3. Considering the facts and circumstances, the petitioner is
directed to clear the balance amount under the loan transaction by way
of ‘six’ equal monthly installments; the first of which shall be effected on
or before the 31st of this month; to be followed by the remaining
installments to be effected on or before the 30th of the succeeding
months. It is made clear that, if any default is committed by the
petitioner in discharging the liability as above, the respondent Bank will
be at liberty to proceed with further steps for realization of the entire
amount in lump sum, from the stage where it stands now.
The Writ Petition is disposed of accordingly.
P. R. RAMACHANDRA MENON, JUDGE
kmd