{"id":253410,"date":"2009-07-14T00:00:00","date_gmt":"2009-07-13T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/ms-swami-cashew-company-vs-state-bank-of-india-on-14-july-2009"},"modified":"2018-06-30T23:27:57","modified_gmt":"2018-06-30T17:57:57","slug":"ms-swami-cashew-company-vs-state-bank-of-india-on-14-july-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/ms-swami-cashew-company-vs-state-bank-of-india-on-14-july-2009","title":{"rendered":"M\/S.Swami Cashew Company vs State Bank Of India on 14 July, 2009"},"content":{"rendered":"<div class=\"docsource_main\">Kerala High Court<\/div>\n<div class=\"doc_title\">M\/S.Swami Cashew Company vs State Bank Of India on 14 July, 2009<\/div>\n<pre id=\"pre_1\">       \n\n  \n\n  \n\n \n \n  IN THE HIGH COURT OF KERALA AT ERNAKULAM\n\nWP(C).No. 10344 of 2005(F)\n\n\n1. M\/S.SWAMI CASHEW COMPANY,\n                      ...  Petitioner\n2. H.KRISHNA IYER,\n3. KRISHNA MOORTHY,\n4. NARAYAN SWAMY,\n5. MAHALAKSHMY,\n\n                        Vs\n\n\n\n1. STATE BANK OF INDIA,\n                       ...       Respondent\n\n2. ASSISTANT GENERAL MANAGER,\n\n3. RESERVE BANK OF INDIA,\n\n4. RECOVERY OFFICER,\n\n5. STATE OF KERALA,\n\n                For Petitioner  :SRI.K.I.MAYANKUTTY MATHER\n\n                For Respondent  :SRI.GEORGE THOMAS(MEVADA), SC, SBI\n\nThe Hon'ble MR. Justice C.N.RAMACHANDRAN NAIR\n\n Dated :14\/07\/2009\n\n O R D E R\n                       C.N.RAMACHANDRAN NAIR, J.\n                  ....................................................................\n                            W.P.(C) No.10344 of 2005\n                  ....................................................................\n                     Dated this the 14th day of July, 2009.\n\n                                         JUDGMENT\n<\/pre>\n<p id=\"p_1\">      W.P.(C) is filed for a direction to the S.B.I. to grant OTS benefit to<\/p>\n<p>the petitioners.  Counsel for the petitioners produced communication dated<\/p>\n<p>16.6.2009 issued by the Bank stating that the petitioners&#8217; offer for settlement<\/p>\n<p>at Rs.28 lakhs is not acceptable to the Bank. Standing Counsel for the SBI<\/p>\n<p>submitted that amount due is over Rs.1.36 crores. In the circumstances, it is<\/p>\n<p>for the petitioners to give revised offer and if offer is not acceptable to the<\/p>\n<p>Bank, Bank is free to proceed for recovery.                        In any case I feel the Bank<\/p>\n<p>should give a counter offer in terms of the norms followed, containing the<\/p>\n<p>amount at which Bank can permit settlement of liability with time for<\/p>\n<p>payment, so that if petitioners&#8217; want, they can settle liability or otherwise<\/p>\n<p>face recovery. W.P.(C) is disposed of as above.<\/p>\n<p id=\"p_1\">                                                   C.N.RAMACHANDRAN NAIR<br \/>\n                                                                       Judge<br \/>\npms<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kerala High Court M\/S.Swami Cashew Company vs State Bank Of India on 14 July, 2009 IN THE HIGH COURT OF KERALA AT ERNAKULAM WP(C).No. 10344 of 2005(F) 1. M\/S.SWAMI CASHEW COMPANY, &#8230; Petitioner 2. H.KRISHNA IYER, 3. KRISHNA MOORTHY, 4. NARAYAN SWAMY, 5. MAHALAKSHMY, Vs 1. STATE BANK OF INDIA, &#8230; Respondent 2. ASSISTANT GENERAL [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,21],"tags":[],"class_list":["post-253410","post","type-post","status-publish","format-standard","hentry","category-high-court","category-kerala-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>M\/S.Swami Cashew Company vs State Bank Of India on 14 July, 2009 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/ms-swami-cashew-company-vs-state-bank-of-india-on-14-july-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M\/S.Swami Cashew Company vs State Bank Of India on 14 July, 2009 - Free Judgements of Supreme Court &amp; 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