IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN FRIDAY, THE 11TH JULY 2008 / 20TH ASHADHA 1930 WP(C).No. 20911 of 2008(M) ---------------------------------------- PETITIONER: ----------------- PRABHAKARAN, POOLAKKAPPARAMBIL GANGESHA GIRI PO.,SHORNUR. BY ADV. SRI.R.KRISHNAKUMAR (CHERTHALA) RESPONDENTS: --------------------- 1. SHORANUR CO-OPERATIVE URBAN BANK LTD NO.F 1639, SHORANUR, REPRESENTED BY ITS SECRETARY. 2. ARBITRATOR/SPECIAL SALE OFFICER, SHORANUR CO.OP.URBAN BANK LTD.NO.F 1639 O/o.THE ASSISTANT REGISTRAR OF CO.OP.SOCIETIES (GENERAL), OTTAPPALAM. ADV.SRI.B.H.MANSOOR FOR R1 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 11/07/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B. RADHAKRISHNAN, J. ---------------------------------------------------------------- W.P.(C) NO.20911 OF 2008 ---------------------------------------------------------------- Dated this the 11th day of July, 2008 J U D G M E N T Having heard the learned counsel for the petitioner and the learned counsel appearing for the first respondent, I do not find any jurisdictional error or legal infirmity in the impugned execution proceedings following an arbitration award under the Kerala Co-operative Societies Act, 1969. Having regard to the plea on the personal grounds, this writ petition is ordered directing that if the petitioner pays off the entire remaining outstandings and further accruals in eight equal monthly instalments, payable on or before the last working day of every month commencing from July, 2008, the impugned distress action shall stand suspended. If there is default in remitting any of the instalments as afore-directed, the benefit of this judgment shall stand recalled automatically. sd/- THOTTATHIL B. RADHAKRISHNAN, JUDGE skr/21/7/08 // True copy // P.A. to Judge.