BEFORE THE LOK ADALAT ORGANIZED BY THE KERALA HIGH COURT LEGAL SERVICES COMMITTEE AT ERNAKULAM THE HONOURABLE MR. JUSTICE P.K.SHAMSUDDIN (RETD. JUDGE, HIGH COURT OF KERALA) & SRI.M.T.BALAN(RETD.DISTRICT JUDGE) WEDNESDAY, THE 2ND DECEMBER 2009 / 11TH AGRAHAYANA 1931 FAO.No. 21 of 2009() -------------------- OS.309/1986 of SUB COURT,NEYYATTINKARA .................... APPELLANT/PETITIONER/JUDGMENT DEBTOR/DEFENDANT: ----------------------------------------------------------------- RETNAKARAN, S/O. CHELLAPPAN NADAR AGED 59, VALIYAVILA VEEDU, KANJIRAMKULAM DESOM DO. VILLAGE. BY MR.R.T.PRADEEP, ADVOCATE RESPONDENT/RESPONDENT/DECREE HOLDER/PLAINTIFF: ---------------------------------------------------------------- SYNDICATE BANK, AMARAVILA BRANCH REPRESENTED BY BRANCH MANAGER. BY MR.R.S.KALKURA, ADVOCATE THIS FIRST APPEAL FROM ORDERS HAVING COME UP FOR DETERMINATION AT THE LOK ADALAT ON 02/12/2009, AND THE PARTIES HAVING SETTLED THE MATTER, THE FOLLOWING AWARD IS PASSED IN TERMS OF SETTLEMENT: F.A.O.No.21/2009 I.A.No.228/2009 IN F.A.O.21/2009 & I.A.No.2066/2009 IN I.A.228/2009 IN F.A.O.21/2009 CLOSED. Sd/- P.K.SHAMSUDDIN (RETD.JUDGE, HIGH COURT OF KERALA) Sd/- M.T.BALAN (RETD.DISTRICT JUDGE) 2/12/2009 JUSTICE P.K.SHAMSUDDIN (RETD.JUDGE, HIGH COURT OF KERALA) & SRI.M.T.BALAN (RETD.DISTRICT JUDGE) =============================== F.A.O.No.21 of 2009 =============================== Dated this the 2nd day of December, 2009 AWARD Counsel on both sides are present. The Manager of the respondent-Bank is also present. They submitted that the parties have come to an understanding whereunder the appellant will pay the decree amount together with future interest at the rate of 15% from the date of decree till the date of payment after crediting all the amounts paid by the appellant/judgment debtor, after the decree, towards the decree amount. It is also agreed that the payment will be made within three months from today along with cost and expenses (cost of stamp paper and advocate fees). In default it will be open to the decree holder to execute the decree. In the event of payment as aforesaid the respondent will reconvey the property to the appellant at their expenses and the original document deposited by the appellant will be returned to him. An Award is passed accordingly. P.K.SHAMSUDDIN (RETD.JUDGE, HIGH COURT OF KERALA) M.T.BALAN (RETD.DISTRICT JUDGE) dvs