IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE T.R.RAMACHANDRAN NAIR TUESDAY, THE 23RD MARCH 2010 / 2ND CHAITHRA 1932 WP(C).No. 9749 of 2010(P) ------------------------- PETITIONERS: -------------------- 1. A.T.ALI, S/O.KUNHAVARAN, 2. A.T.MOHAMMED, S/O.KUNHAVARAN, BOTH ASRE RESIDING AT AMMARAMBATH THAZHETHODI HOUSE, ULLANAM NORTH P.O., (VIA) PARAPPANANGADI, MALAPPURAM-676 303. BY ADV. SRI.V.CHITAMBARESH, SENIOR ADVOCATE SRI.T.C.SURESH MENON SRI.JIBU P THOMAS SRI.P.S.APPU SRI.A.R.NIMOD SRI.C.A.ANOOP RESPONDENT: --------------- SOUTH MALABAR GRAMEEN BANK, PARAPPANANGADI, REPRESENTED BY ITS BRANCH MANAGER. BY SRI. T.R.RAVI, SC THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 23/03/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: T.R.RAMACHANDRAN NAIR, J. ---------------------------------------------- W.P.(C)No.9749 OF 2010 ----------------------------------------------------- DATED THIS THE 23rd DAY OF MARCH, 2010 J U D G M E N T The petitioners had availed a loan of Rs.18,50,000/- from the respondent/bank for conducting a canteen in the bus stand and to conduct a business in sound system. It is stated that they were regularly paying the amounts also. The petitioners have received Exhibits P1 to P6 lawyer notices threatening coercive action issued at the instance of the bank and at this stage they have filed Exhibit P7 seeking for the benefit of one time settlement scheme. It is prayed that till Exhibit P7 is considered, the proposed coercive action may be kept in abeyance. 2. Heard the learned Standing Counsel for the bank. 3. There will be a direction to the bank to consider Exhibit P7 for grant of eligible benefits, if the same has been received, and if the petitioner satisfies all the eligibility conditions. Appropriate decision to be taken and communicated to the petitioner within a period of one month. The coercive action, if any, will be kept in abeyance for the said period. The Writ Petition is disposed of as above. T.R.RAMACHANDRAN NAIR, JUDGE dsn