Kerala High Court
Arundas K.D vs The Branch Manager on 12 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 12TH DAY OF APRIL 2024 / 23RD CHAITHRA, 1946
WP(C) NO. 14996 OF 2024
PETITIONER:
ARUNDAS K.D., AGED 55 YEARS
S/O DHANANJAYAN, KANADI HOUSE, NEAR DD SABHA TEMPLE
CHENDAMANGALAM P.O, ERNAKULAM, PIN - 683512
K.C.BEENA
ANUROOPA JAYADEVAN
RESPONDENTS:
1 THE BRANCH MANAGER
KERALA STATE CO-OPERATIVE BANK LTD. NORTH PARAVOOR MAIN
BRANCH, MAIN ROAD, N. PARAVOOR, PIN - 683513
2 THE AUTHORIZED OFFICER,
BRANCH MANAGER/ ASST, KERALA STATE CO-OPERATIVE BANK
LTD. NORTH PARAVOOR MAIN BRANCH, MAIN ROAD,
N. PARAVOOR, ERNAKULAM DISTRICT, PIN - 683513
3 THE DISTRICT COLLECTOR
ERNAKULAM DISTRICT, ERNAKULAM, PIN - 682030
SMT.K.AMMINIKUTTY - SC
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON
12.04.2024, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:
WP(C) NO. 14996 OF 2024
2
JUDGMENT
When this matter was called today, Smt.K.Amminikutty - learned Standing Counsel for the respondent - Society, submitted that if the petitioner is interested, he can be allowed to pay off the overdue amount in his loan account in instalments, so that the said account can then be regularised. He submitted that the overdue in the Loan Account of the petitioner, as on 12.04.2024, is Rs.2,47,431/-; and that if this Court is so inclined, the petitioner can be allowed to pay off the said amount in not more than ten instalments, provided he pays the same along with regular EMIs without default.
2. Taking note of the afore submissions, I allow this writ petition and permit the petitioner to pay off the overdue amount of Rs.2,47,431/- as on 12.04.2024, along with all applicable charges and interest, in ten instalments, commencing from 01.06.2024. These payments shall be made along with the regular EMIs, without any default in either of them.
Needless to say, if the overdue amount is paid by the petitioner as afore, his account will stand regularised; but should he default in payment of two consecutive instalments, as ordered by this Court, or any of the regular EMIs, then the benefit of this WP(C) NO. 14996 OF 2024 3 judgment will be lost to him; and necessary recovery action can be continued against him, without having to obtain further orders from this Court.
Sd/- DEVAN RAMACHANDRAN JUDGE stu WP(C) NO. 14996 OF 2024 4 APPENDIX OF WP(C) 14996/2024 PETITIONER EXHIBITS Exhibit P1 THE DEMAND NOTICE BEARING NO. 015/768/1 DATED 25.01.2024 ISSUED BY THE 1ST RESPONDENT TO THE PETITIONER Exhibit P2 A REPRESENTATION WAS FILED BEFORE THE RESPONDENT BY THE PETITIONER ON 20.03.2024