Citation : 2024 Latest Caselaw 14571 Ker
Judgement Date : 31 May, 2024
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE DEVAN RAMACHANDRAN
FRIDAY, THE 31ST DAY OF MAY 2024 / 10TH JYAISHTA, 1946
WP(C) NO. 10875 OF 2024
PETITIONER:
SAKKEER HUSSAIN, AGED 53 YEARS,
S/O.MANJIYIL MUHAMMEDKUTTY,
PUTHIYA VEETTIL, VATTEKKATTU DESOM,
ORUMANAYOOR VILLAGE, CHAVAKKAD,
THRISSUR, PIN - 680512.
BY ADV A.N.SATHISH KUMAR
RESPONDENTS:
1 THE SPECIAL SALE OFFICER
CHAVAKKAD CO-OPERATIVE RURAL BANK
OFFICE OF THE ASSISTANT REGISTRAR OF CO-OPERATIVE
SOCIETIES (GENERAL) CHAVAKKAD, THRISSUR, PIN - 680506.
2 THE MANAGER
CHAVAKKAD CO-OPERATIVE RURAL BANK CHAVAKKAD,
THRISSUR, PIN - 680506.
BY ADV RASMI NAIR . T
THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON
31.05.2024, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:
WP(C) NO. 10875 OF 2024
-2-
JUDGMENT
When this matter was called today,
Smt.T.Rasmi Nair - learned Standing Counsel for
the respondents, submitted that, if the
petitioner is interested, he can be allowed to
pay off the overdue amount in his loan account
in installments, so that the said account can
then be regularized. She submitted that the
overdue in the loan account of the petitioner,
as on 31.05.2024, is Rs.31,93,105/-; and that if
this Court is so inclined, the petitioner can be
allowed to pay off the said amount in not more
than 20 installments, provided he pays the same
along with regular EMIs without default.
2. Sri.A.N.Sathish Kumar - learned counsel
for the petitioner, accepted the afore
suggestion.
Taking note of the afore submissions, I
allow this writ petition and permit the WP(C) NO. 10875 OF 2024
petitioner to pay off the overdue amount, along
with all applicable charges and interest, in 20
installments, commencing from 30.06.2024. These
payments shall be made along with the regular
EMIs, without any default in either of them.
Needless to say, if the petitioner continues
to pay as afore, all action pursuant to Ext.P1
will stand deferred; and if the overdue amount
is paid by the petitioner as afore, his account
will stand regularized; but should he default in
payment of any two instalments, as ordered by
this Court, or any of the regular EMIs, then the
benefit of this judgment will be lost to him;
and necessary recovery action can be continued
against him, without the Bank having to obtain
any further orders from this Court.
Sd/-
DEVAN RAMACHANDRAN
akv JUDGE
WP(C) NO. 10875 OF 2024
APPENDIX OF WP(C) 10875/2024
PETITIONER EXHIBITS
EXHIBIT P1 TRUE COPY OF THE SALE NOTICE DATED
16.02.2024 ISSUED BY THE 1ST
RESPONDENT
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