IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN THURSDAY, THE 28TH AUGUST 2008 / 6TH BHADRA 1930 WP(C).No. 25311 of 2008(L) -------------------------- PETITIONER: ------------ T.V. SATHEESAN,AGED 35 YEARS, S/O LATE VALSALAN, THUNDIPARAMBU HOUSE, EDAPPALY NORTH P.O., KOCHI. BY ADV. SRI.M.G.KARTHIKEYAN RESPONDENTS: ------------- 1. KERALA STATE HOUSING BOARD, REPRESENTED BY ITS SECRETARY, SHRI NAGAR, THIRUVANANTHAPURAM. 2. THE ASST. SECRETARY (LOANS), KERALA STATE HOUSING BOARD, ERNAKULAM DIVISION, PANAMPILLY NAGAR, KOCHI -36,. BY ADV. SRI. A. JAYASANKAR, S.C. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 28/08/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: S. Siri Jagan, J. =-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-= W. P (C) No. 25311 of 2008 =-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-= Dated this, the 28th August, 2008. J U D G M E N T The petitioner's father obtained a housing loan from the Kerala State Housing Board, repayment of which is in arrears. The petitioner's father is no more. Now the petitioner is required to pay the amounts. The petitioner seeks the benefit of one time settlement. In the above circumstances, I directed the standing counsel to obtain instructions as to for what amount the Housing Board is prepared to settle the loan account. 2. The standing counsel today submits that the total amount due from the petitioner would come to Rs. 1,23,015/- and the Housing Board is willing to settle the account by accepting an amount of Rs. 81,171/- in full and final settlement of the loan account. Counsel for the petitioner seeks permission to pay the amount in instalments. Having heard both sides, I dispose of this writ petition with the following directions: The petitioner shall pay an amount of Rs. 81,171/- in five equal instalments payable on 1-9-2008, 3-10-2008, 1-11-2008, 1-12-2008 and 31-12-2008. If the petitioner pays the instalments without any default on the due dates, further coercive proceedings for recovery shall be kept in abeyance. However, if the petitioner commits default in payment of any one instalment, it would be open to the respondents to recover the full amount of Rs. 1,23,015/- in a lump sum with interest thereon without having to issue any fresh notice or proceedings in that regard. Sd/- S. Siri Jagan, Judge. Tds/ [True copy] P.S to Judge.