V.Manoharan vs Canara Bank Represented By The on 7 December, 2006

       

  

  

 
 
  IN THE HIGH COURT OF KERALA AT ERNAKULAM

WP(C) No. 32369 of 2006(C)


1. V.MANOHARAN,
                      ...  Petitioner

                        Vs



1. CANARA BANK REPRESENTED BY THE
                       ...       Respondent

2. THE AUTHORIZED OFFICER,

                For Petitioner  :SRI.P.HARIDAS

                For Respondent  : No Appearance

The Hon'ble MR. Justice C.N.RAMACHANDRAN NAIR

 Dated :07/12/2006

 O R D E R
                      C.N. RAMACHANDRAN NAIR, J.


                     ````````````````````````````````````````````````````

                          W.P. (C) No. 32369 OF 2006 C

                     ````````````````````````````````````````````````````

                  Dated this the 7th day of December, 2006


                                   J U D G M E N T

Since prayer is only for direction to the respondent bank to grant

one time settlement facility to the petitioner, writ petition is disposed of

directing petitioner to deposit Rs.75,000/-, within three weeks from now

and make an application for OTS benefit before the 1st respondent bank.

On the petitioner remitting Rs.75,000/- and making application for OTS,

the bank will give OTS benefits and also give reasonable time for

payment. If default is committed by the petitioner in payment, then the

bank is free to withdraw the OTS facility granted and to proceed for

recovery.

(C.N. RAMACHANDRAN NAIR, JUDGE)

aks