IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE T.R.RAVI
THURSDAY, THE 9TH DAY OF JUNE 2022 / 19TH JYAISHTA, 1944
WP(C) NO. 10263 OF 2022
PETITIONER:
IRSHAD M
AGED 42 YEARS,
S/O MUHAMMED KUNJU,
IRSHAD MANZIL,
PADANAYAR KULANGARA,
VADAKKUMURI, KARUNAGAPPALLY,
KOLLAM-690 518.
BY ADV M.R.SASITH
RESPONDENT:
THE MANAGER
KERALA STATE CO-OPERATIVE BANK LTD,
(POPULARLY KNOWN AS KERALA BANK),
EVENING BRANCH, KARUNAGAPPALLY,
KOLLAM-690 518
SRI.P.C.SASIDHARAN, SC
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON
09.06.2022, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:
WP(C) NO. 10263 OF 2022
2
T.R. RAVI, J.
--------------------------------------------
W. P. (C). No. 10263 of 2022
--------------------------------------------
Dated this the 9th day of June, 2022
JUDGMENT
Admit. Standing counsel takes notice for the respondent.
2. The petitioner has approached this Court seeking permission to pay of the amounts outstanding to the respondent in easy instalments. The counsel for the respondent on instructions submits that the period of loan is till 2024 and the present amount overdue is ₹1,91,501/-. Even though the petitioner has prayed for 20 equal monthly instalments, this Court will not be justified in granting such a large period.
3. The writ petition is hence disposed of directing the petitioner to pay off the overdue amount of ₹1,91,501/- in 8 equal monthly instalments, the 1st instalment falling due on or before 09.07.2022 and the subsequent instalments falling due on or before the 9th of every succeeding months. The above amounts shall be paid along with regular EMI payable on the loan account. If the petitioner makes default of two consecutive instalments, the respondents will be entitled to continue with the recovery WP(C) NO. 10263 OF 2022 3 proceedings. If the petitioner completes the payment of overdue amount, the respondent may consider regularisation of the loan. Steps for recovery shall be kept in abeyance to facilitate payment of instalments.
Sd/-
T.R. RAVI JUDGE Pn WP(C) NO. 10263 OF 2022 4 APPENDIX OF WP(C) 10263/2022 PETITIONERS' EXHIBITS Exhibit P1 TRUE COPY OF THE DEMAND NOTICE DATED 20.1.2021, ISSUED BY THE RESPONDENT BANK TO THE PETITIONER