IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMACHANDRA MENON WEDNESDAY, THE 24TH FEBRUARY 2010 / 5TH PHALGUNA 1931 WP(C).No. 4753 of 2010(T) ------------------------- PETITIONERS: --------------- 1. SINDHU.V.S, VIGNESWARA ENTERPRISES,SREEKRISHNA GARDENS, OPPOSITE MEENA THEATRE,MALAYINKEEZHU, THIRUVANANTHAPURAM-695 571. 2. NANDAKUMAR.P.K,VIGNESWARA ENTERPRISES, SREEKRISHNA GARDENS,OPPOSITE MOONA THEATRE, MALAYINKEEZHU,THIRUVANANTHAPURAM-695 571. BY ADV. SRI.M.RAMASWAMY PILLAI RESPONDENTS: ----------------- 1. THE STATE BANK OF TRAVANCORE, MAIN BRANCH, THIRUVANANTHAPURAM, REPRESENTED BY ITS BRANCH MANAGER. 2. THE AUTHORISED OFFICER, CHIEF MANAGER, STATE BANK OF TRAVANCORE,THIRUVANANTHAPURAM. BY ADV. SRI. R.S. KALKURA, SC, SBT. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 24/02/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: P.R.Ramachandra Menon, J. ------------------------------------------ W.P.(C) No.4753 of 2010 & I.A.No.2744 of 2010 ------------------------------------------ Dated this the 24th day of February, 2010 JUDGMENT I.A.No.2744 of 2010 is filed for extension of time to comply with the specific condition imposed by this Court while granting the interim order on 15.2.2010, stating that the petitioners have already remitted a sum of Rs.50,000/- yesterday to prove their bona fides and that earnest efforts are being made to clear the entire overdue amount within three weeks. 2. The learned Standing Counsel appearing for the respondent Bank submits that the overdue amount was nearly Rs.5 lakhs and unless and until the petitioners satisfy the entire overdue amount, this Court might not consider the request of the petitioners for regularisation of the housing loan account. 3. Considering the facts and circumstances, the petitioners are directed to clear the entire overdue amount on or W.P.(C) No.4753 of 2010 - 2 - before 31st March, 2010 which will be in addition to the liability of the petitioners to clear the regular Equated Monthly Instalments (EMIs) as well. On satisfying the entire belated arrears, the housing loan of the petitioners will stand regularised. It is also made clear that if any default is committed by the petitioners in satisfying the overdue amount as above or if two consecutive defaults are made in paying the regular EMIs, the respondent Bank will be at liberty to proceed against the petitioners for recovery of the amount in lump. It is also made clear that no further petition for extension of time to clear the overdue amount will be entertained under any such circumstances. Writ petition is disposed of accordingly. P.R.Ramachandra Menon, Judge vns