IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE V.GIRI TUESDAY, THE 11TH MARCH 2008 / 21ST PHALGUNA 1929 WP(C).No. 8204 of 2008(B) ------------------------- PETITIONER: ------------ MANUEL JACOB, S/O JACOB, PICHAPPILLIL HOUSE, KADAVOOR P.O., SOUTH PUNNAMATTOM. BY ADV. SRI.P.V.BABY SRI.R.KIRAN RESPONDENTS: ---------------- 1. THE BRANCH MANAGER, KERALA FINANCIAL CORPORATION LTD., S.N.D.P.BUILDING, PERUMBAVOOR. 2. KERALA FINANCIAL CORPORATION LTD., THIRUVANANTHAPURAM, REPRESENTED BY ITS GENERAL MANAGER. 3. THE DEPUTY TAHSILDAR (RR), KERALA FINANCIAL CORPORATION, ERNAKULAM. BY ADV. SRI.M.M.SAYED MUHAMMED, SC, KFC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 11/03/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: V.GIRI, J. ----------- W.P.(C)No.8204 OF 2008 ----------------------------- DATED THIS THE 11TH DAY OF MARCH, 2008 J U D G M E N T Petitioner availed a loan of Rs.6,60,000/= from the Kerala Financial Corporation Ltd. Admittedly there has been default in the repayment. The Corporation proposes to bring the property belonging to the petitioner to sale as evidenced by Exhibit P3. Exhibit P1 will show that the petitioner was earlier given an opportunity to settle the dues under the one time settlement scheme. Apparently, the petitioner was not able to avail the opportunity. The one time settlement facility offered by the Corporation is available till 31.3.2008, according to the counsel for the petitioner. 2. After hearing both sides, the writ petition is disposed of directing the first respondent to consider the petitioner's application for one time settlement, provided the petitioner makes a written request in this regard expressing his willingness to settle the dues under the one time settlement scheme. The W.P.(C)No.8204 OF 2008 2 request may be made on or before 28.3.2008 and it should be accompanied by a deposit of Rs.2.5 lakhs. If the application for one time settlement is accompanied by the deposit as aforementioned, the second respondent shall consider the petitioner's case for one time settlement and a decision in this regard shall be taken within 30.4.2008. The sale proposed under Exhibit P3 shall be deferred for a period of three months from today and the same shall thereafter be subject to the decision to be taken under the one time settlement scheme. V.GIRI, JUDGE. dsn