Vanaja E vs The Federal Bank Ltd
2023 Latest Caselaw 4480 Ker

                IN THE HIGH COURT OF KERALA AT ERNAKULAM
                                PRESENT
                  THE HONOURABLE MR. JUSTICE T.R.RAVI
    WEDNESDAY, THE 12TH DAY OF APRIL 2023 / 22ND CHAITHRA, 1945
                        WP(C) NO. 13407 OF 2023


PETITIONER:

          VANAJA E
          AGED 65 YEARS
          WIFE OF KARTHIK ZARDAR,
          KARTHIK BHAVAN, PALAYAD,
          KANNUR DISTRICT, PIN - 670661

          BY ADVS.
          C.MURALIKRISHNAN (PAYYANUR)
          ABRAHAM GEORGE JACOB
          P.I.RAHEENA



RESPONDENT/S:

    1     THE FEDERAL BANK LTD
          REPRESENTED BY AUTHORISED OFFICER,
          LCRD DIVISION, 3RD FLOOR, ADITYA TOWER,
          OPP. RTO OFFICE, KANNUR DISTRICT,
          PIN - 670002

    2     THE AUTHORISED OFFICER
          FEDERAL BANK LTD, LCRD DIVISION,
          3RD FLOOR, ADITYA TOWER,
          OPP. RTO OFFICE, KANNUR DISTRICT,
          PIN - 670002

          BY ADV PAULACHAN ANTONY

          SRI. SUNIL SHANKAR, SC.




     THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON
12.04.2023, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:
 WP(C) NO. 13407 OF 2023
                                     2



                               T.R. RAVI, J.
                --------------------------------------------
                       W. P. (C). No.13407 of 2023
                 --------------------------------------------
                   Dated this the 12th day of April, 2023

                             JUDGMENT

The petitioner has approached this Court seeking permission to pay

off the amounts due to the respondent Bank in easy instalments. The

counsel for the respondents on instructions submits that the overdue

amount comes to ₹8,22,899/- and the loan period is available till 2027.

In the above circumstances, this writ petition is disposed of

permitting the petitioner to pay off the overdue amount in 15 equal

monthly instalments, the 1st instalment falling due on or before

12.05.2023 and the subsequent instalments falling due on or before 12 th

of the succeeding months. The petitioner shall pay the regular monthly

instalments along with the instalments towards the overdue amounts. If

the petitioner pays the entire instalments as directed above, the

respondents shall regularise the loan account. If the petitioner makes

two defaults in payment of instalments, the respondents are at liberty to

proceed with the recovery. Steps for recovery shall be kept in abeyance

to facilitate the payment of instalments.

Sd/-

T.R. RAVI JUDGE Pn WP(C) NO. 13407 OF 2023

APPENDIX OF WP(C) 13407/2023

PETITIONER'S EXHIBITS

Exhibit P1 A TRUE COPY OF THE POSSESSION NOTICE DATED 17/03/2023 ISSUED BY THE 2ND RESPONDENT