IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE THOTTATHIL B.RADHAKRISHNAN MONDAY, THE 14TH JANUARY 2008 / 24TH POUSHA 1929 WP(C).No. 513 of 2008(J) ------------------------ PETITIONER: ------------- V.K.KUTTAPPAN, AGED 55 YEARS, S/O.AROMAL AZHAGAN, VATTON MURUPPEL HOUSE, NARANGANAM VILLAGE, KADAMANITTA, PATHANAMTHITTA DISTRICT. BY ADV. SRI.S.SHANAVAS KHAN RESPONDENTS: ----------------- 1. THE DISTRICT CO-OPERATIVE BANK LTD., PATHANAMTHITTA. 2. THE SALE OFFICER, PATHANAMTHITTA DISTRICT CO-OPERATIVE BANK LTD., PATHANAMTHITTA. 3. THE PATHANAMTHITTA DISTRICT CO-OPERATIVE BANK LTD., KADAMANITTA BRANCH, REPRESENTED BY ITS MANAGER. R1 & R3 BY SRI.P.C. SASIDHARAN, SC. R2 BY SMT.ANU SIVARAMAN, GOVT. PLEADER. THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 14/01/2008,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B.RADHAKRISHNAN, J. ------------------------------------------- W.P(C).No.513 OF 2008 ------------------------------------------- Dated this the 14th day of January, 2008 JUDGMENT Petitioner is a debtor of the third respondent. All that he seeks is the extension of a One Time Settlement facility, which he alleges as available. The fact remains that there is an arbitration award against the petitioner and execution proceedings could be taken on that basis. In the aforesaid circumstance, this writ petition is disposed of directing that any request of the petitioner for One Time Settlement shall be taken up, considered and disposed of in accordance with law within an outer limit of two weeks from the date of receipt of a copy of this judgment and the petitioner shall remit the amounts in terms of the decision that the bank may take therein. If such remittances are not made, distress action can immediately follow. Sd/- THOTTATHIL B.RADHAKRISHNAN, Judge kkb.