Citation : 2023 Latest Caselaw 4346 Ker
Judgement Date : 4 April, 2023
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SHAJI P.CHALY
TUESDAY, THE 4TH DAY OF APRIL 2023 / 14TH CHAITHRA, 1945
WP(C) NO. 11695 OF 2023
PETITIONER:
ANANTHAVISHNU M.K.,
AGED 33 YEARS,
S/O MURUKAN V., UTHRADAM, KOLLAMVILAKAM, ARUMANOOR,
POOVAR, THIRUPURAM, THIRUVANANTHAPURAM, PIN - 695 525.
BY ADVS.
R.N.SANDEEP
KEERTHI VIJAYAN
RESPONDENT:
KERALA FINANCIAL CORPORATION (KFC) THIRUVANANTHAPURAM
BRANCH, REPRESENTED BY ITS CHIEF MANAGER,
KANAKA, VELLAYAMBALAM, THIRUVANANTHAPURAM, PIN-695 033.
BY ADVS.
ADV. VENUGOPAL M.R.
DHANYA P.ASHOKAN(K/001671/2000)
S. MUHAMMAD ALIKHAN(K/000644/2020)
SREEDARSHAN SUDHAKARAN(K/1349/2023)
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON
04.04.2023, ALONG WITH WP(C).42081/2018, THE COURT ON THE SAME DAY
DELIVERED THE FOLLOWING:
W.P.(C).Nos.11695 of 2023 & 42081 of 2018
: 2:
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SHAJI P.CHALY
TUESDAY, THE 4TH DAY OF APRIL 2023 / 14TH CHAITHRA, 1945
WP(C) NO. 42081 OF 2018
PETITIONER:
SHIBU MARSHAL T.,
AGED 31 YEARS
S/O THAMBI B., SHIBU BHAVAN, NEENDAKARA ROAD,
NEENDAKARA, KOLLAM-691882.
BY ADV R.N.SANDEEP
RESPONDENTS:
1 THE DY. TAHSILDAR,
REVENUE RECOVERY, THRISSUR TALUK OFFICE, OPP. THRISSUR
TOWN HALL, CHEMBUKKAV, THRISSUR-680 020.
2 THE KERALA FINANCIAL CORPORATION,
THIRUVANANTHAPURAM BRANCH, REPRESENTED BY ITS CHIEF
MANAGER, KANAKA VELLAYAMBALAM,
THIRUVANANTHAPURAM-695 033.
3 THE DISTRICT COLLECTOR,
1ST FLOOR, CIVIL STATION, CIVIL STATION LINES ROAD,
KALYAN NAGAR, AYYANTHOLE, THRISSUR-680 003.
BY ADVS.
M.R.VENUGOPAL
DHANYA P.ASHOKAN
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON
04.04.2023, ALONG WITH WP(C).11695/2023, THE COURT ON THE SAME
DAY DELIVERED THE FOLLOWING:
W.P.(C).Nos.11695 of 2023 & 42081 of 2018
: 3:
SHAJI P. CHALY, J.
--------------------------------------------------------------
W.P.(C).Nos.11695 of 2023 & 42081 of 2018
-------------------------------------------------------------
Dated this the 04th day of April, 2023
JUDGMENT
Petitioners in these writ petitions are partners of a firm namely
Ask Engineering and Constructions. The firm has availed a loan from the
Kerala Financial Corporation (KFC). Consequent to the failure on the part of
the petitioners to repay the loan amount, recovery action was initiated as per
the provisions of the Kerala Revenue Recovery Act, 1968, evident from Ext.P2
notice dated 26.07.2018 issued under Section 7 of the Act, 1968. It is, thus,
challenging the legality and correctness of the coercive action,
W.P.(C).No.42081 of 2018 is filed. Another partner has filed the connected
writ petition challenging the notice issued by the KFC to settle the transaction
in Adalat.
2. Even though various contentions are raised in the writ petitions
attributing illegality to the action initiated by the KFC, today when the matter
was taken up, the learned counsel for the petitioners submitted that
petitioners are prepared to pay 10% of the amount along with OTS
application on or before 30.04.2023 in order to avail the OTS benefit.
3. The learned Standing Counsel for the KFC submitted that an amount
of Rs.16.65 lakhs is outstanding against the petitioners as on 31.03.2023, and
if the petitioners are paying 10% of the said amount along with OTS
application, it will be duly considered by the Managing Director or competent W.P.(C).Nos.11695 of 2023 & 42081 of 2018
authority of the KFC.
4. I have heard the learned counsel for the petitioners Sri. R.N.Sandeep,
and the learned Standing Counsel for the Kerala Financial Corporation,
Sri.M.R.Venugopal and perused the pleadings and material on record.
5. The deliberations made above would make it clear that a serious
adjudication of the contentions put forth by the petitioners in the writ
petitions are not required.
6. Therefore, there will be a direction to the petitioners to pay 10% of the
amount outstanding with GST along with an application for settling the
transaction in a One Time Settlement Scheme offered by the Kerala Financial
Corporation before 30.04.2023. If 10% of the amount plus GST is paid along
with the application for OTS, it shall be considered by the Managing Director
or the competent authority at the earliest and at any rate within two weeks
from the date of receipt of the application along with the amounts as
specified above from the petitioner. The learned Standing Counsel also
submitted that if OTS is permitted, the petitioners may have to pay the same
within a period of three months. The said submission is placed on record.
The writ petition is disposed of as above.
Sd/-
SHAJI P. CHALY, JUDGE
ak W.P.(C).Nos.11695 of 2023 & 42081 of 2018
APPENDIX OF WP(C) 11695/2023
PETITIONER'S EXHIBITS:-
Exhibit P1 TRUE COPY OF THE NOTICE DATED 24/11/2022 ISSUED BY THE RESPONDENT BANK.
W.P.(C).Nos.11695 of 2023 & 42081 of 2018
APPENDIX OF WP(C) 42081/2018
PETITIONER'S EXHIBITS:-
EXHIBIT P1 THE TRUE COPY OF THE NOTICE DATED 4.11.2017 ISSUED BY THE 2ND RESPONDENT.
EXHIBIT P2 THE TRUE COPY OF THE DEMAND NOTICE DATED 26.7.2011 ISSUED BY THE 1ST RESPONDENT.
W.P.(C).Nos.11695 of 2023 & 42081 of 2018
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