Citation : 2022 Latest Caselaw 3705 Ker
Judgement Date : 24 March, 2022
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SATHISH NINAN
THURSDAY, THE 24TH DAY OF MARCH 2022 / 3RD CHAITHRA, 1944
WP(C) NO. 9842 OF 2022
PETITIONER:
ABDUL RAHMAN
AGED 60 YEARS
S/O.ABDULLA HAJI, RESIDING AT MAVILA KADAPPURAM, ORIYARA,
VALIYAPARAMBA VILLAGE, MAVILA KADAPPURAM POST, KASARAGOD
DISTRICT-671 121
BY ADVS.
T.MADHU
C.R.SARADAMANI
SHAHID AZEEZ
RENJISH S. MENON
RESPONDENTS:
1 THE SPECIAL SALE OFFICER
THE HOSDURG PRIMARY CO-OPERATIVE AGRICULTURAL AND RURAL
DEVELOPMENT BANK LTD., NO.C 390, KANHANGAD P.O., KASARAGOD
DISTRICT-671 315
2 THE HOSDURG PRIMARY CO-OPERATIVE AGRICULTURAL AND RURAL
DEVELOPMENT BANK LTD.,
NO.C 390, KANHANGAD P.O., KASARAGOD DISTRICT-671 315,
REPRESENTED BY ITS SECRETARY
BY ADVS.
T.R.HARIKUMAR
ARJUN RAGHAVAN
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON
24.03.2022, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:
SATHISH NINAN, J.
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W.P.(C) No.9842 of 2022
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Dated this the 24th day of March, 2022
J U D G M E N T
Repayment of the credit facility availed by the
petitioner from the respondent Bank was defaulted. The
Bank has initiated recovery proceedings. Ext.P1 is the
sale notice proposing for sale of the petitioner's
property on 24.03.2022. Petitioner seeks for an
instalment facility to wipe off the debt.
Heard the learned counsel for the petitioner and
the learned Standing Counsel for the Bank.
Considering the financial constraints pointed out
by the petitioner and also the total amount involved, I
am of the opinion that a reasonable facility can be
afforded to the petitioner.
Accordingly the writ petition is disposed of with
the following directions:-
(i) The petitioner shall pay an amount of ` 50,000/-
towards the debt on or before 31.03.2022. W.P.(C) No.9842 of 2022
(ii) The entire balance amount inclusive of
interest and costs shall be paid in twelve equal monthly
instalments commencing from 30.04.2022.
(iii) The subsequent instalment shall be payable on
or before the 20th day of the succeeding months.
(iv) In case of default in payment of a single
instalment, the petitioner will lose the benefit granted
under this judgment.
Sd/-
SATHISH NINAN JUDGE
kns/-
//True Copy// P.S. to Judge APPENDIX OF WP(C) 9842/2022
PETITIONER EXHIBITS
Exhibit P1 THE TRUE COPY OF THE SALE PROCLAMATION DATED 7.2.2022 ISSUED BY THE FIRST RESPONDENT
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