IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.T.RAVIKUMAR FRIDAY, THE 13TH MAY 2011 / 23RD VAISAKHA 1933 WP(C).No. 13442 of 2011(E) --------------------------------- PETITIONER(S): ------------------- BIJU, AGED 38, S/O. POOLAN THOMAS, POOCHUNIPADAM, CHOWOOR VILLAGE, THRISSUR. BY ADV. SRI.G.SREEKUMAR (CHELUR) RESPONDENT(S): -------------------- 1. THE STATE BANK OF INDIA, REPRESENTED BY ITS BRANCH MANAGER, EAST FORT BRANCH, THRISSUR - 680 001. 2. THE AUTHORIZED OFFICER, STATE BANK OF INDIA, 2ND FLOOR, MAHESWARY BUILDING M.G.ROAD, THRISSUR - 680 001. BY ADV. SRI.N.RAJAGOPALAN NAIR, SC. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 13/05/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: svs C.T. RAVIKUMAR, J - - - - - - - - - - - - -- - - - - - - - - - - - - - - - W.P.(C)No. 13442 OF 2011 - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dated this the 13th day of May, 2011 J U D G M E N T The petitioner is aggrieved by Ext.P4 proceedings initiated at the instance of the respondents. The contention of the petitioner is that he is a bonafide purchaser of the property covered by Ext.P1 document. According to him he came to know about the housing loan availed by his vendors from the first respondent bank only on its receipt. The petitioner has also taken certain other contentions. When this matter is taken up for consideration today, the learned counsel for the petitioner submitted that the petitioner is prepared to discharge the liability towards the first respondent bank provided the some is granted for the said purpose. 2. I have heard the learned counsel for the petitioner as also the learned standing counsel for the respondents. In view of the submission that the petitioner would discharge the liability within a reasonable time, in the interest of justice I am inclined to dispose of this writ petition as hereunder:- WPC.No.13442/2011 : 2 : The petitioner is permitted to discharge the liability in six monthly installments. The first installment of an amount of Rs.3,00,000/- shall be paid by the petitioner within one month from today and the balance amount shall be paid in 5 equal monthly installments on or before the 15th day of every succeeding months. It is made clear that in case of failure on the part of the petitioner to effect payment of any instalments as permitted above, it will be open to the respondents to proceed with the steps for realisation of the amount due. Sd/- (C.T. RAVIKUMAR, JUDGE) jma //true copy// P.A to Judge WPC.No.13442/2011 : 3 :