IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN WEDNESDAY, THE 5TH NOVEMBER 2008 / 14TH KARTHIKA 1930 WP(C).No. 32503 of 2008(T) ------------------------------------- PETITIONER: ------------------ K.K.DIVAKARAN, S/O.KUNJAMBU, KORACHANKANDY HOUSE, PARASSINIKADAVU, NANICHERI.PO KANNUR DISTRICT. BY ADV. SRI.C.A.JOSEPH SRI.K.K.MOIDEEN RESPONDENT(S): ------------------------ 1. JOINT REGISTRAR OF CO-OPERATIVE SOCIETIES (GENERAL),KANNUR COLLECTORATE PO, KANNUR DISTRICT. 2. THE PAPPINISSERI CO-OPERATIVE RURAL BANK LTD, NO.F.1321, REPRESENTED BY THE SECRETARY, P.O.KALLIASSERI, KANNUR DISTRICT. 3. THE SPECIAL SALE OFFICER, PAPPINISSERY CO-OPERATIVE RURAL BANK, P.O.KALLIASSERI. BY GOVERNMENT PLEADER SRI.K.C. SANTHOSHKUMAR THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 05/11/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B. RADHAKRISHNAN, J. ------------------------------------------------------ W.P.(C) NO. 32503 OF 2008 (T) ------------------------------------------------------ Dated this the 5th day of November, 2008 J U D G M E N T Having heard the learned counsel for the petitioner and the learned Government Pleader on behalf of first respondent, notice to respondents 2 and 3 is dispensed with, preserving their right to move for review of this judgment, if aggrieved. The petitioner relies on Exhibit P1 circular in answer to proceedings under the Kerala Co-operative Societies Act and Rules, in execution of arbitration award. Having regard to the amount stated in Exhibit P2, this writ petition is ordered directing that if the petitioner remits an amount of Rs.2,50,000/- within a period of three weeks, the second respondent bank will consider the applicability of Exhibit P1 circular and issue appropriate decision thereon, in accordance with law. If such amount is deposited, the impugned sale proceedings shall stand deferred by five weeks. The second respondent bank shall communicate its decision to the petitioner within that time. THOTTATHIL B. RADHAKRISHNAN, JUDGE skr/7/11