Varghese vs The Suberben Chit Funds Ltd on 14 March, 2007

Kerala High Court
Varghese vs The Suberben Chit Funds Ltd on 14 March, 2007
       

  

  

 
 
  IN THE HIGH COURT OF KERALA AT ERNAKULAM

WP(C) No. 23305 of 2006(Y)


1. VARGHESE, AGED 69,
                      ...  Petitioner

                        Vs



1. THE SUBERBEN CHIT FUNDS LTD.,
                       ...       Respondent

                For Petitioner  :SRI.G.SREEKUMAR (CHELUR)

                For Respondent  :SRI.R.S.KALKURA

The Hon'ble MR. Justice K.P.BALACHANDRAN

 Dated :14/03/2007

 O R D E R
                              K.P.BALACHANDRAN, J.

                   - - - - - - - - -  - - - - - - - - - - - - - - - - - - - - - -

                             W.P.(C)NO.23305 OF 2006

                   - - - - - - - - -  - - - - - - - - - - - - - - - - - - - - - -

                    Dated this the 14th day of March 2007


                                        JUDGMENT

Counsel for the petitioner/4th judgment debtor submits that the

petitioner is prepared to pay off the entire decree debt in four

monthly instalments and it is acceptable to the counsel for the

respondent as well.

In the result, I dispose of this writ petition allowing the

petitioner to make payment of the entire decree debt in four monthly

instalments of Rs.20,000/- beginning with 15th April 2007. The first

three instalments shall be at the rate of Rs.20,000/- per month and

the entire balance shall be paid in the 4th instalment without fail

during July, 2007. In the event of non payment of any instalment on

the due date, the petitioner shall lose the benefit of instalment

payment and the decree holder shall proceed with the execution. The

execution now pending in the court below shall stand stayed till July

2007 or till any event happens which entitles the decree holder to

proceed with the execution, whichever is earlier.

K.P.BALACHANDRAN, JUDGE

jes

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