Kerala High Court
Shalini vs Inspector Of Co-Operative ... on 5 April, 2024
Author: Devan Ramachandran
Bench: Devan Ramachandran
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE DEVAN RAMACHANDRAN
FRIDAY, THE 5TH DAY OF APRIL 2024 / 16TH CHAITHRA, 1946
WP(C) NO. 6333 OF 2024
PETITIONER:
SHALINI, AGED 61 YEARS, W/O KAMALASANAN,
SOORYA BHAVAN, ANGAMOOZHY P O CHITTAR-SEETHATHODU,
VADASSERIKARA, PATHANAMTHITTA, PIN - 689662
BY ADV P.A.MUJEEB
RESPONDENTS:
1 INSPECTOR OF CO-OPERATIVE SOCIETIES/SPECIAL
SALE OFFICER, PRIMARY CO-OPERATIVE AGRICULTURAL
& RURAL DEVELOPMENT BANK (LTD) NO. PT 232 RANNY,
PIN - 689672
2 SECRETARY, PRIMARY CO-OPERATIVE AGRICULTURAL AND
RURAL DEVELOPMENT BANK LTD NO. PT 232 RANNY,
PIN - 689672
BY ADV R.T.PRADEEP
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON
05.04.2024, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:
WPC 6333/24
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JUDGMENT
When this matter was called today, Sri.R.T.Pradeep - learned Standing Counsel for the respondent-Bank, submitted that the loan account of the petitioner involved in this case can be settled for a total amount of Rs.4,78,422/-, as on 31.03.2024, along with all applicable charges and interest, provided same is paid by her in not more than 10 equal monthly installments.
2. The learned counsel for the petitioner - Sri.P.A.Mujeeb, accepted the afore suggestion.
Taking note of the afore submissions, I allow this Writ Petition, permitting the petitioner to pay off the aforementioned amount, along with all applicable charges and interest, in 10 equal monthly installments commencing from 01.06.2024.
Needless to say, if the amounts as afore are paid by the petitioner, the account will stand closed and the Bank will return to her all security documents as are necessary; but, if on the contrary, any two consecutive installments are defaulted, the benefit of this judgment will be lost to her and the Bank will be at WPC 6333/24 3 full liberty to pursue further action pursuant to Ext.P1, without having to obtain further orders from this Court.
It is also needless to say, therefore, that as long as the amounts as afore are paid, all further action pursuant to Ext.P1 will stand deferred.
Sd/-
RR DEVAN RAMACHANDRAN
JUDGE
WPC 6333/24
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APPENDIX OF WP(C) 6333/2024
PETITIONER EXHIBITS
Exhibit P1 TRUE COPY OF THE SALE NOTICE ISSUED UNDER
SECTION 19 TO 25, RULE 8 OF KERALA STATE
CO-OPERATIVE AGRICULTURAL AND RURAL
DEVELOPMENT BANK ACT, 1984 DATED NIL