IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE K.M.JOSEPH FRIDAY, THE 16TH MAY 2008 / 26TH VAISAKHA 1930 WP(C).No. 14708 of 2008(A) -------------------------------------- PETITIONER: ------------------- SHYNU, LEKSHMI VILASOM, MEVANAKONAM , IDATHARA PO., KOTTARAKKARA, KOLLAM. BY ADV. SRI.M.R.SARIN SRI.M.R.SASITH PANICKER RESPONDENTS: ----------------------- 1. THE MANAGER, KOLLAM DIST CO.P.BANK,HEAD OFFICE,KOLLAM. 2. THE AUTHORISED OFFICER,KOLLAM DISTRICT CO.OP.BANK,HEAD OFFICE, KOLLAM. BY SRI.B. VINOD SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 16/05/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: K.M. JOSEPH, J. ```````````````````````````````````````````````````` W.P.(C) No. 14708 OF 2008 A ```````````````````````````````````````````````````` Dated this the 16th day of May, 2008 J U D G M E N T Petitioner had availed a loan from the Kollam District Co-operative Bank. But, consequent to the non- payment of instalments, the Bank has issued a notice under section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, to the petitioner. The petitioner seeks time to pay the amount. 2. I have heard the learned Standing Counsel also on behalf of the respondents. Having regard to the totality of facts, I feel the petitioner can be given some time to pay of the amounts. The writ petition is disposed of permitting the petitioner to pay of the entire amount due with interest in five equal monthly instalments. The first instalment shall be paid on or WPC.14708/08 : 2 : before 1.6.2008. In order to facilitate the payment as aforesaid, the 1st respondent will issue a statement to the petitioner showing the exact amount of instalments to be paid in terms of this judgment within a period of ten days from today. If the petitioner does not pay any single instalment, the petitioner will loose the benefit of this judgment and it will be open to the respondents to proceed against the petitioner in accordance with law. If the petitioner continues to pay in terms of this judgment, the proceedings will be kept in abeyance. (K.M.JOSEPH, JUDGE) aks