Sainul Abid vs The Authorised Officer, Kerala ...
2023 Latest Caselaw 4037 Ker

              IN THE HIGH COURT OF KERALA AT ERNAKULAM
                              PRESENT
                THE HONOURABLE MR. JUSTICE T.R.RAVI
     THURSDAY, THE 30TH DAY OF MARCH 2023 / 9TH CHAITHRA, 1945
                      WP(C) NO. 11355 OF 2023


PETITIONER:

          SAINUL ABID
          AGED 50 YEARS, S/O SAINUDEEN HAJI
          NADUVILAKKANDI HOUSE
          POOVATTUPARAMBA PO
          KOZHIKODE (DIST), PIN - 673008

          BY ADVS.
          M.RAJESH
          P.RAJESH (KOTTAKKAL)



RESPONDENT:

          THE AUTHORISED OFFICER,
          KERALA STATE CO-OPERATIVE BANK LTD
          PB NO. 503, KALLAI ROAD
          CHALAPPURAM PO, KOZHIKODE (DIST),
          PIN - 673002

          SRI. P. C. SASIDHARAN, SC.




     THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON
30.03.2023, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:
 WPC No.11355/2023                     2




                             T.R. RAVI, J.
              --------------------------------------------
                     W. P. (C). No.11355 of 2023
               --------------------------------------------
                Dated this the 30th day of March, 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 respondent on instructions submits

that an amount of ₹16,58,676/- is due to them.

In the above circumstances, this writ petition is disposed of

permitting the petitioner to pay off the amounts due along with

accrued interest and cost in 12 equal monthly instalments, the 1 st

instalment falling due on or before 28.04.2023 and the subsequent

instalments falling due on or before 28th of the succeeding months.

If the petitioner makes a single default 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

instalment.

Sd/-

T.R. RAVI JUDGE

Pn

APPENDIX OF WP(C) 11355/2023

PETITIONER'S EXHIBITS

Exhibit P1 THE TRUE COPY OF THE LETTER NO. R.O.6 R.CELL/SARFAESI/21/KTKR/CLD 20172/2022-23 DATED 22.12.2022 ISSUED BY THE RESPONDENT TO THE PETITIONER