Citation : 2024 Latest Caselaw 11765 Ker
Judgement Date : 30 April, 2024
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE DR. JUSTICE KAUSER EDAPPAGATH
TUESDAY, THE 30TH DAY OF APRIL 2024 / 10TH VAISAKHA, 1946
WP(C) NO. 16604 OF 2024
PETITIONER:
PRAKASAN, AGED 50 YEARS
S/O SUDHAKARAN, RESIDING AT VIJAYAMMA TOWER, 7/MRA
227, MUKKOLACKAL, KULATHOOR P.O,
THIRUVANANTHAPURAM DISTRICT, PIN - 695583
BY ADV MITHUN P.
RESPONDENTS:
1 THE DISTRICT COLLECTOR, THIRUVANANTHAPURAM
CIVIL STATION BUILDING, CIVIL STATION ROAD,
THIRUVANANTHAPURAM, KERALA, PIN - 695043
2 THE SPECIAL DEPUTY TAHSILDAR
REVENUE RECOVERY, KSFE, 2ND FLOOR NEW TRIDA
BUILDING, MEDICAL COLLEGE P.O, THIRUVANANTHAPURAM,
PIN - 695011
3 KERALA STATE FINANCIAL ENTERPRISES LIMITED
REPRESENTED BY ITS REGIONAL MANAGER, KSFE SILVER
JUBILEE BUILDINGS, STATUE, CHIRAKULAM ROAD,
THIRUVANANTHAPURAM, PIN - 695001
SRI. SALIL NARAYANAN K.A.-SC, SMT.DEEPA NARAYANAN-
SR.GP
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION
ON 30.04.2024, THE COURT ON THE SAME DAY DELIVERED THE
FOLLOWING:
W.P.(C).No.16604/2024
-:2:-
JUDGMENT
The petitioner is a subscriber to a chitty and availed a loan
from the 3rd respondent. The petitioner has defaulted the
repayment of loan amount. Now the 2nd respondent has initiated
recovery proceedings.
2. The learned counsel for the petitioner submitted that
the petitioner is prepared to clear the entire loan amount in 15
equal monthly instalments.
3. The learned Standing Counsel for the 3rd respondent
submits that the total amount due as on date is ₹16,04,809/-.
The learned Standing Counsel further submits that 12
instalments can be given.
Having heard both sides, this writ petition is disposed of,
granting liberty to the petitioner to clear the entire loan amount
along with interest in 15 equal monthly instalments, commencing
from 1.6.2024 onwards. The subsequent instalments shall be
paid on the 5th day of every month. In case of default of any of
the instalments, the aforesaid facility extended shall stand
cancelled and the 3rd respondent/KSFE will be at liberty to
proceed with the recovery proceedings. Subject to the above
direction, the recovery proceedings against the petitioner shall be
kept in abeyance.
Sd/-
DR. KAUSER EDAPPAGATH JUDGE kp
APPENDIX OF WP(C) 16604/2024
PETITIONER EXHIBITS
Exhibit P1 TRUE COPY OF THE REVENUE RECOVERY DEMAND NOTICE ISSUED BY THE 2ND RESPONDENT TO THE PETITIONER UNDER SECTION 36 OF REVENUE RECOVERY ACT DATED 03.01.2024
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