IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC WEDNESDAY, THE 27TH FEBRUARY 2008 / 8TH PHALGUNA 1929 WP(C).No. 3950 of 2008(M) ------------------------- PETITIONER: ------------ SHEEBA KUMARI, SARADA SADANAM, KARITHOTTA P.O., KIDANGANNOOR, PATHANAMTHITTA-689514. BY ADV. SRI.MANU.V.BALAN SRI.S.RENJITH(K/812/2006) RESPONDENTS: ------------- 1. DISTRICT COLLECTOR, ALAPPUZHA. 2. TAHSILDAR, CHENGANNUR. 3. LIC HOUSING FINANCE LTD., THIRUVANANTHAPURAM, REPRESENTED BY ITS MANAGER. 4. AUTHORISED OFFICER, LIC HOUSING FINANCE LTD., ERNAKULAM. R3 & 4 BY ADV. SRI.R.S.KALKURA SC FOR LIC HOUSING LTD. R1 & 2 BY GOVERNMENT PLEADER SRI I.V.PRAMOD THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 27/02/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. ------------------------------------ W.P.(C) 3950 of 2008 ------------------------------------- Dated: February 27, 2008 JUDGMENT Petitioner who had availed of a loan from the respondent LIC in 1999 had defaulted in the repayment and when securitization proceedings were initiated, this writ petition has been filed. 2. At the stage of admission on 7.2.2008, this court had directed the petitioner to remit one-fourth of the amount. Counsel for the LIC confirmed that this order has been complied with. 3. When the writ petition came up for admission today, counsel for the petitioner sought six months time to liquidate the liability, but that was objected by the counsel for the LIC contending that the period of the loan is over as early as in 2006. Despite the objection so raised by the counsel for the LIC, having regard to the fact that the petitioner has already complied with the interim order dated 7.2.2008, I direct that the balance amount due from the petitioner shall be permitted to be paid in three equal monthly WP(C) 3950/08 Page numbers instalments. The first instalment will be payable in the 1st week of March, 2008 and the subsequent instalments in the first week of the succeeding months. It is clarified that in case default is committed, the LIC will be free to continue the action it has already taken. ANTONY DOMINIC, JUDGE mt/-