IN THE HIGH COURT OF KERALA AT ERNAKULAM
WP(C).No. 20911 of 2008(M)
1. PRABHAKARAN, POOLAKKAPPARAMBIL
... Petitioner
2. ARBITRATOR/SPECIAL SALE OFFICER,
Vs
1. SHORNUR CO-OP.URBAN BANK LTD.
... Respondent
For Petitioner :SRI.R.KRISHNAKUMAR (CHERTHALA)
For Respondent : No Appearance
The Hon'ble MR. Justice THOTTATHIL B.RADHAKRISHNAN
Dated :11/07/2008
O R D E R
THOTTATHIL B. RADHAKRISHNAN, J.
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W.P.(C) NO.20911 OF 2008
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Dated this the 11th day of July, 2008
J U D G M E N T
Having heard the learned counsel for the petitioner and
the learned counsel appearing for the first respondent, I do not
find any jurisdictional error or legal infirmity in the impugned
execution proceedings following an arbitration award under the
Kerala Co-operative Societies Act, 1969.
Having regard to the plea on the personal grounds, this
writ petition is ordered directing that if the petitioner pays off the
entire remaining outstandings and further accruals in eight equal
monthly instalments, payable on or before the last working day of
every month commencing from July, 2008, the impugned distress
action shall stand suspended. If there is default in remitting any of
the instalments as afore-directed, the benefit of this judgment
shall stand recalled automatically.
sd/-
THOTTATHIL B. RADHAKRISHNAN,
JUDGE
skr/21/7/08
// True copy //
P.A. to Judge.