IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC TUESDAY, THE 13TH JANUARY 2009 / 23RD POUSHA 1930 WP(C).No. 1251 of 2009(Y) ------------------------- PETITIONER(S): ------------------- AISHA BEEVI, PROPRIETRIX, ASIAN OIL MILLS, CHANDIROOR. BY ADV. SRI.P.K.ABOOBACKER(EDAPPALLY) RESPONDENT(S): --------------------- 1. THE KERALA FINANCIAL CORPORATION, REPRESENTED BY ITS MANAGING DIRECTOR, VALLAYAMBALAM, THIRUVANANTHAPURAM. 2. THE DISTRICT MANAGER, KERALA FINANCIAL CORPORATION, ALAPPUZHA. SRI. S. SREEKUMAR,SC-R1 THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 13/01/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. --------------------------- W.P.(C) No. 1251 of 2009 ------------------------------------ Dated this the 13th day of January, 2009 JUDGMENT Heard both sides. 2. Petitioner is a defaulter of the respondents. In an application, made by the petitioner seeking benefit of one time settlement scheme, Corporation issued Exhibit P1. By Exhibit P1, Corporation agreed to settle the liability accepting Rs.3,00,000/- on condition that the petitioner makes payment on or before 31/03/2008 and subject to other conditions specified therein. Payment was not made as directed in Exhibit P1. Finally, the petitioner sought further extension for three months from 30/11/2008 as per Exhibit P4, but orders have not been passed. It is for that reason this writ petition has been filed. 3. Counsel for the petitioner seeks three months' further time to settle the liability as ordered in Exhibit P1. 4. I heard the standing counsel appearing for the respondents. 5. Having regard to the submissions made by both sides, this W.P.(C) No. 1251 /2009 2 writ petition is disposed of directing that the petitioner shall pay Rs.3,00,000/- mentioned in Exhibit P1, along with other charges, in three equal monthly installments. The first installment of it will be paid before 31/01/2009 and 2nd and 3rd installment will be paid before the end of February,2009 and March, 2009. It is clarified that the petitioner will be liable to the interest on Rs.3,00,000/- for the periods subsequent to 31/03/2008. 6. Needless to say that in case petitioner commits default in any one of the installments, the respondents will be at free to proceed in accordance with law. Writ petition is disposed of as above. ANTONY DOMINIC, JUDGE scm